2002 Session

Budget Amendments - HB29 (Committee Approved)

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Administrative Fees (language only)

Item 3-1.01 #7h

Item 3-1.01 #7h

3: Miscellaneous & Part 4: General Provisions)

Page 527, after line 30, insert:
"GG. On or before June 30, 2002, the Comptroller shall transfer $166,000 from the Department of Motor Vehicles to the general fund.  This amount represents the estimated revenues to be derived from a one-dollar increase on fees related to motor vehicles records transaction."

(This amendment provides for an increase of one dollar per records transaction that would generate approximately $5 million annually and represent a 20 percent overall increase. The excess revenue would be transferred to the general fund. For fiscal year 2002, this action will generate approximately $166,000. A companion amendment is in Item 514.)