OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa HB-6724 AN ACT CREATING A SPECIAL MOTOR VEHICLE NUMBER PLATE IN RECOGNITION OF "THE BORINQUENEERS". Primary Analyst: PM 3/24/25 Contributing Analyst(s): LG Reviewer: EMG OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 26 $ FY 27 $ Department of Motor Vehicles TF - Potential Revenue Gain/Cost Minimal Minimal Policy & Mgmt., Off. Hispanic- American Veterans of CT (non-lapsing GF) - Potential Revenue Gain Minimal Minimal Note: TF=Transportation Fund Municipal Impact: None Explanation The bill establishes a commemorative license plate for "The Borinqueneers" and an associated fee of $60 for such plates (in addition to regular registration fees), of which $15 is deposited to the Department of Motor Vehicles (DMV) and $45 is deposited to the newly established "Hispanic-American Veterans of Connecticut" account to be administered by the Office of Policy and Management (OPM). The bill requires OPM to distribute funds from the newly established account quarterly to the Hispanic-American Veterans of Connecticut, Inc. for purposes described in the bill. To the extent that such plates are requested, the bill results in minimal fiscal impact for the DMV for plate costs and fee revenue as well as 2025HB-06724-R000228-FN.DOCX Page 2 of 2 minimal revenue to the "Hispanic-American Veterans of Connecticut" account. The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to the number of plates issued.