Colorado Legislative Council Staff

REVISED NO FISCAL IMPACT

(replaces Fiscal Note dated January 23, 1998)

TITLE:            CONCERNING APPOINTMENT OF MOTOR VEHICLE DEALERS AS AUTHORIZED AGENTS OF THE DEPARTMENT OF REVENUE REGARDING MOTOR VEHICLES SOLELY FOR PURPOSES RELATED TO SALVAGE CERTIFICATES OF TITLE.

Summary of Assessment

            The bill, as amended by the Senate Transportation Committee, February 3, 1998, would allow licensed motor vehicle dealers to be designated as authorized agents of the Department of Revenue (DOR) for the registration and titling of salvage vehicles. The DOR would establish minimum specifications and standards for designated motor vehicle dealers acting as agents. The appointed dealer would be responsible for collecting all paperwork and fees and forwarding them to the county clerk’s office. The bill will become effective at 12:01 a.m. on the day following the ninety-day period after adjournment sine die of the General Assembly, or on the date of the official declaration of the vote of the people as proclaimed by the Governor, if a referendum petition is filed pursuant to Article V, Section 1 (3) of the State Constitution.

            It is estimated that this bill would not reduce revenues to the state. The dealers would be acting as agents of the state as county clerks currently do for titling salvage motor vehicles. The DOR would be able to implement the provisions of this bill without any additional costs to the state. This assumes that designated dealers would not have workstations or access to the state motor vehicle registration data via computers. Therefore, this bill is assessed as having no fiscal impact.

Spending Authority

            This fiscal note implies that the no additional spending authority would be required for FY 1997-98 to implement this bill.

Departments Contacted

            Revenue