This fiscal note contains 3 pages. Officials from the Department of Transportation assume the proposal would result in increased costs to replace road signs to reflect the new speed limit for trucks impacted by this legislation.
Oversight notes that additional revenue due to increased fines is likely to be minimal.
Therefore, no revenue impact due to increased fines is included in this fiscal note for the state or local governments. Additionally, any firms that are classified as small businesses and use trucks over the weight limit could be adversely affected by higher labor costs. This act establishes a 65 mile per hour speed limit for trucks over 24,000 pounds on the rural interstates and freeways. The current speed limit for all vehicles is 70 miles per hour on rural interstates and freeways. The act also establishes a 60 mph hour speed limit for trucks on rural expressways and a 55 mph speed limit for trucks on urban interstate highways, freeways and expressways.