Compendium of Budget Information for the 2011 General Session
| Business, Economic Development, & Labor Appropriations Subcommittee | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Subcommittee Table of Contents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line Item: License Plates Production Function This line item accounts for materials and labor for the State Prison license plate production operation. Statutory Authority Utah Code 41-1a-1211 specifies the authority the Tax Commission possesses to impose a fee on the issuance and renewal of license plates. Funding Detail Funding for this line item is generated soley through license plate fees. The fee per new license plate is $5, of which $1 goes to the Transportation Fund and $4 to cover the costs of producing the license plates. During the 2010 General Session, HB 353 eliminated the nonlapsing authority the Tax Commission had over the license plate fund. The largest expenditure in the License Plate Production line item stems from license plates & tags ($1,784,000 in FY 2010), with freight & drayage ($16,100), postage & mailing ($3,900), and printing & binding ($900) accounting for the rest of the expenditures. Since September 2009, this line item has been running a structural deficit; assuming current expenditure and revenue rates (and assuming nonlapsing authority is granted), the fund balance could reach zero in FY 2015.  
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