| 124th MAINE LEGISLATURE | ||||||
| LD 145 | LR 575(01) | |||||
| An Act To Require the Secretary of State To Notify Vehicle Owners of Impending Registration Expiration | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Richardson of Warren | ||||||
| Committee: Transportation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| 2009-10 | 2010-11 | Projections 2011-12 | Projections 2012-13 | |||
| Net Cost (Savings) | ||||||
| Highway Fund | ($297,574) | ($280,992) | ($259,422) | ($237,204) | ||
| Appropriations/Allocations | ||||||
| Highway Fund | $702,426 | $719,008 | $740,578 | $762,796 | ||
| Revenue | ||||||
| Highway Fund | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | ||
| Fiscal Detail and Notes | ||||||
| The Department of Secretary of State will require a Highway Fund allocation of $702,426 in fiscal year 2009-10 for supplies and postage to send notifications of annual registration expiration to owners of registered vehicles. This bill also increases the annual registration fee by $1, resulting in additional Highway Fund revenue of $1,000,000 beginning in fiscal year 2009-10. | ||||||