Fiscal Note

HB0337S01 - Choose Life Special Group License Plate

State Impact:
Enactment of this bill will create the Choose Life Adoption Support Restricted Account. The amount of revenue going into the fund depends upon the number of individuals paying at least $25 to support the fund. If 2,000 individuals participate in the first year and 500 in the subsequent year, revenue to the fund would be $62,500. With 2,500 individuals participating over FY 2010 and FY 2011, dedicated credits revenue for license plate production would be $8,000 in FY 2010 and $2,000 in FY 2011. Revenue to the Transportation Fund would be $2,000 in FY 2010 and $500 in FY 2011. Startup costs will be paid for by private sources and by those contributing to the fund.

Funding SourceFY 2009
Approp.
FY 2010
Approp.
FY 2011
Approp.
FY 2009
Revenue
FY 2010
Revenue
FY 2011
Revenue
General Fund Restricted$0$50,000$12,500$0$50,000$12,500
Transportation Fund$0$0$0$0$2,000$500
Dedicated Credits$0$18,500$0$0$8,000$2,000
   Total
$0

$68,500

$12,500

$0

$60,000

$15,000

Individual, Business and/or Local Impact:
Individuals and businesses will have another avenue to support adoption programs. Local entities are unaffected.

2/26/2009, 4:34:44 PM, Lead Analyst: Young, T.Office of the Legislative Fiscal Analyst