L.R. NO. 4595-01
BILL NO. SB 1069
SUBJECT: Motor Vehicles; Merchandising Practices
TYPE: Original
DATE: March 13, 2000
Net Effect on All State Funds
FUND AFFECTED
FY 2001
FY 2002
FY 2003 None
Total Estimated
$0
$0
$0
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| None | |||
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Local Government | $0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Office of State Courts Administrator (CTS) and the Office of Administration (COA) assume the proposed legislation would have no fiscal impact on their agencies.
In a response to a similar proposal, officials from the Office of the Attorney General assumed the proposal would have no fiscal impact on their agency.
Oversight assumes the proposal could have a fiscal impact on local governmental entities which are not self-insured, as this proposal could result in an increase in automobile insurance premiums. However, Oversight assumes any fiscal impact would be minimal.
FISCAL IMPACT - State Government FY 2001 FY 2002 FY 2003
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Local Government FY 2001 FY 2002 FY 2003
(10 Mo.)
$0 $0 $0
FISCAL IMPACT - Small Business
Small businesses could be impacted by this proposal, as it could result in an increase in their insurance premiums due to increased costs to insurance companies with respect to certain automobile repairs.
DESCRIPTION
The proposal would prohibit an insurance company's use of non-original equipment manufacturer (non-OEM) aftermarket crash parts in the repair of an insured's motor vehicle during the original or extended warranty period of the motor vehicle. Non-OEM aftermarket crash parts are defined as parts not made for or by the manufacturer of the motor vehicle. DESCRIPTION (continued)
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
Office of State Courts Administrator
Office of Administration
NOT RESPONDING: Office of the Attorney General
Jeanne Jarrett, CPA
Director
March 13, 2000