Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

 

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us).  Adobe PDF versions include all attachments, whereas HTML versions may not.  Previously issued FIRs and attachments may be obtained from the LFC in Suite 101 of the State Capitol Building North.

 

 

F I S C A L    I M P A C T    R E P O R T

 

 

 

SPONSOR

Sandoval

DATE TYPED

02-09-04

HB

247

 

SHORT TITLE

Update Veterans License Plate Requirements

SB

 

 

 

ANALYST

Reynolds-Forte

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY04

FY05

FY04

FY05

 

 

 

 

 

Minimal

Recurring

General Fund

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

 

SOURCES OF INFORMATION

 

LFC Files

 

Responses Received From

Department of Transportation

 

 

SUMMARY

 

Synopsis of Bill

 

House Bill 247 amends the Special Motorcycle Registration Plates and Special Registration Plates for Armed Forces Veterans  statute to add four additional options to of available  “veteran-designation decals”.  These four additions are: 1) Somalia veterans, 2) Afghanistan veterans, 3) Bosnia veterans, and 4) Iraqi Freedom veterans.  The “veteran-designation decal” is an optional decal which is available to obtain and place on the armed forces veteran special vehicle registration plate.  There is no charge for this decal over and above the $15 fee charged for the armed forces veteran motorcycle/registration plate.

 

House Bill 247 also amends Section 66-3-424 NMSA 1978 which was 2003 legislation to standardize procedures and designs for special registration plates.  Current law says all plates will have a yellow background; HB 247 adds “or blue” background. 

 

 

FISCAL IMPLICATIONS

 

House Bill 247 should have minimal fiscal impact.  The Armed Forces Veteran plate is currently available to all veterans.  House Bill 247 adds four additional decals which the Department will make available to veterans upon request.  The Motor Vehicle Division of the Taxation and Revenue Department estimates the cost to print these additional decals to be minimal. 

 

 

TECHNICAL ISSUES

 

The Department of Transportation points out that in Section 2, Subsection F, Paragraph (1) on page 6, line 23, the distribution to the “armed forces veterans’ license fund” might better be specified as:  “veterans, as provided in Subsection E, paragraph (2) of this section, ...”.  This is not considered a serious or substantial flaw.

 

 

PRF/dm:lg