FISCAL NOTE
Date Requested: February 02, 2015
Time Requested: 03:49 PM |
| Agency: |
School Building Authority of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1647 |
Introduced |
HB2194 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
Fund 3951 & Fund 3966
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This Legislative Bill will not directly affect the funding provided to the School Building Authority. However, this bill, if approved, will drastically affect the number of school improvement project the School Building Authority will be undertaking annually. Approximately 50% of annually school improvements the School Building Authority addresses come from local support for capital projects. The passage of this bill will have the net effect of fewer schools being constructed throughout West Virginia which will have a direct effect on jobs and the state’s fiscal well-being as a whole.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
This Legislative Bill will not directly affect the funding provided to the School Building Authority. However, this bill, if approved, will drastically affect the number of school improvement project the School Building Authority will be undertaking annually. Approximately 50% of annually school improvements the School Building Authority addresses come from local support for capital projects. The passage of this bill will have the net effect of fewer schools being constructed throughout West Virginia which will have a direct effect on jobs and the state’s fiscal well-being as a whole.
Person submitting Fiscal Note: Stella Gill
Email Address: Stella.I.Gill@WV.GOV