FISCAL NOTE

Date Requested: February 27, 2017
Time Requested: 10:12 AM
Agency: Labor, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2695 Introduced SB419
CBD Subject: Governor -- Bills Requested By


FUND(S):



Sources of Revenue:

Special Fund

Legislation creates:

A New Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    The purpose of this bill is to authorize the creation of appropriated special revenue accounts in the State Treasury for the deposit of authorized fees, to authorize the Division to charge certain fees, and to authorize the Commissioner to utilize excess funds in existing and new special revenue accounts when necessary to meet the Division’s funding obligations.
    The Division estimates that passage of this bill, upon full implementation in FY 2019, will generate approximately $2.2 million in special revenue from registration fees for businesses that use weighing and measuring devices for commercial purposes, from registration fees for service agencies and service technicians that work with commercial weighing and measuring devices, and from registration and permit fees for manufacturers, upholsters, renovators and sterilizers of bedding and upholstered products.
    Currently, the operation of these Weights and Measures and Bedding programs rely entirely on general revenue. The Division estimates that there would be a phase-in period in FY 2018, during which the Division will continue to need general revenue to operate these programs.
    The Division estimates that costs to implement this bill are minimal because current employees will be utilized, and no new employees would need to be hired.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
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 1,100,000 2,200,000


Explanation of above estimates (including long-range effect):


    See Impact Statement.



Memorandum


    See Impact Statement.



    Person submitting Fiscal Note: Mitchell E Woodrum
    Email Address: Mitch.E.Woodrum@wv.gov