BILL ANALYSIS AND FISCAL IMPACT REPORT	Page 1 of  1

DATE:  February 22, 2001	Submitted by: TAXATION AND REVENUE DEPT.
	T. GLENN ELLINGTON, SECRETARY
BILL NUMBER: HB-847

SPONSOR: Representative Stewart

BILL SHORT TITLE: Revising reporting requirements for motor vehicle insurance carriers

CONFLICTS, DUPLICATES, COMPANIONS: 

DESCRIPTION: This measure would amend the Motor Vehicle Code. Currently, the Taxation and Revenue Department is allowed to promulgate rules requiring insurance carriers to notify the Department monthly when vehicle insurance is terminated. The proposed measure would also allow the Secretary to promulgate rules requiring insurance carriers to notify the Department when they issue new policies -- also on a monthly basis.

EFFECTIVE DATE:  July 1, 2001

FISCAL IMPACT (Thousands of dollars): No significant impacts on state or local revenues would result from the proposed legislation.

ADMINISTRATIVE IMPACT: The proposed measure would improve administration of the Motor Vehicle Code by providing the Department with additional information pertaining to whether drivers are insured.  

TECHNICAL ISSUES: none

OTHER IMPACTS AND ISSUES: none