NOTE: As provided in LFC policy, this report is
intended only for use by the standing finance committees of the
legislature. The Legislative Finance Committee does not assume
responsibility for the accuracy of the information in this report when used for
other purposes.
The most recent FIR
version (in HTML & Adobe PDF formats) is available on the Legislative
Website. The Adobe PDF version includes
all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be
obtained from the LFC in
|
SPONSOR: |
Pinto |
DATE TYPED: |
|
HB |
|
||
|
SHORT TITLE: |
Navajo Nation Special License Plates |
SB |
593 |
||||
|
|
ANALYST: |
|
|||||
REVENUE
|
Estimated Revenue |
Subsequent Years Impact |
Recurring or
Non-Rec |
Fund Affected |
|
|
FY03 |
FY04 |
|
|
|
|
|
Indeterminate |
|
Recurring |
Motor
Vehicle Division, GF: $10 per plate |
|
|
Indeterminate |
|
Recurring |
State
Road Fund: $9.98 per plate |
|
|
Indeterminate |
|
Recurring |
*Local
Govts: $5.02 per plate |
(Parenthesis ( ) Indicate Revenue Decreases)
*Local
Government funds include distributions to various county general funds and
roads funds, municipal road uses, and county and municipal general funds.
Relates to other bills proposing special license
plates.
LFC files
No
Responses Received From
Taxation
& Revenue Department (TRD)
SUMMARY
Synopsis
of Bill
Senate Bill 593 provides for Navajo Nation
special vehicle registration license plates.
The special license plate will be issued for an annual fee of $25 in
addition to the regular motor vehicle registration fees.
The Motor Vehicle Division (MVD) of the TRD
shall establish and issue Navajo Nation special registration plates in
accordance with the provisions of SB 593and shall adopt and promulgate
procedures for application for and issuance of Navajo Nation special
registration plates.
The MVD, with the advice and consultation of the
Navajo Nation Department of Highway Safety, shall determine the color and design
of the Navajo Nation special registration plate and provide for its issuance.
Significant
Issues
The Navajo Nation would receive special plates
for their vehicles.
FISCAL IMPLICATIONS
SB 593 appropriates $10.00 of the fee collected
for each Navajo Nation special registration plate to the MVD in fiscal years
2004 and 2005 for the manufacture and issuance of the registration plates.
Thereafter, that amount of each fee shall be paid to the state treasurer for
credit to the Motor Vehicle Suspense Fund (MVSF) for distribution in accordance
with the formula set out in Section 66-6-23 NMSA 1978.
The remaining $15.00 of the fee collected for
each Navajo Nation special registration plate shall be paid to the state
treasurer for credit to the MVSF for distribution in accordance with the formula
set out Section 66-6-23 NMSA 1978."
The New Mexico Office of Indian Affairs (OIA) is
added to the list of agencies receiving funds from the MVSF. OIA will disburse
the funds to the Navajo Nation Department of Highway Safety for implementation
of safety measures on roads throughout the Navajo Nation.
ADMINISTRATIVE IMPLICATIONS
It is not known if the $10 portion of the fee
that MVD receives will cover the cost of the license plates.
RELATIONSHIP
Other special “prestige” license plates have
been proposed during the 2003 session:
HB
75, Armed Forces Retirees Special
License
HB
201, Special Plates for Retired Firefighters (duplicate of SB 496)
HB
378, Special Plates for Retired NM Letter Carriers
HB
379, Special Plates for Letter Carriers
HB
464, Special Plates for
HB
520, Special Plates for National Guard Members
HB
566, Special Plates for Supporting Spayed Pets
HB
602, Special Plates for Retired NM National Guard
SB
197, License Plate for Active Duty
Servicemen
SB
210, License Plates for
SB
211, License Plates for NM Mail Carriers
SB
493, Special Plates for NM HS Rodeo
Association
SB
496, Special Plates for Retired
Firefighters
DW/njw