COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0070-02
Bill No.: Truly Agreed To and Finally Passed SB 207
Subject: Motor Vehicles; Licenses-Motor Vehicles; Revenue Dept.
Type: Original
Date: May 21, 2003
FISCAL SUMMARY
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on General Revenue Fund |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on Other State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2004 | FY 2005 | FY 2006 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials with the Department of Revenue, Department of Transportation, Department of Insurance and the Attorney General's Office assume this proposal would have no fiscal impact on their agencies.
| FISCAL IMPACT - State Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
| FISCAL IMPACT - Local Government | FY 2004
(10 Mo.) |
FY 2005 | FY 2006 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
Direct fiscal impact to small businesses could be expected as a result of this proposal. The rental businesses could have to change the amount they collect on damaged rental vehicles.
DESCRIPTION
This proposal would modify the law regarding damage claims by rental companies for rental motor vehicles.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space
SOURCES OF INFORMATION
Department of Revenue
Department of Insurance
Department of Transportation
Attorney General's Office
Mickey Wilson, CPA
Director
May 21, 2003