Fiscal Note
SB0102 - Share the Road Special Group License Plate
State Impact:
Enactment of this bill will create the Share the Road Bicycle 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. In addition, the bill allows UDOT to use up to 5% of the funds appropriated from the new account for administration costs. Startup costs will be paid by the Bicycle Coalition.
| Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
| Transportation Fund | $0 | $0 | $0 | $0 | $2,000 | $500 |
| Dedicated Credits | $0 | $18,500 | $0 | $0 | $8,000 | $2,000 |
| Restricted Funds | $0 | $50,000 | $12,500 | $0 | $50,000 | $12,500 |
| Total | $0 | $68,500 | $12,500 | $0 | $60,000 | $15,000 |
Individual, Business and/or Local Impact:
Individuals may support bicycle operation and safety awareness programs. Local governments and businesses are unaffected.
| 2/6/2009, 11:26:07 AM, Lead Analyst: Young, T. | Office of the Legislative Fiscal Analyst |