FISCAL NOTE

Date Requested: March 08, 2017
Time Requested: 01:39 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2722 Introduced HB2764
CBD Subject: Finance and Administration


FUND(S):

0589

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.


House Bill 2764 if enacted. Would permit the State Building Commission or the Higher Education Policy Commission to request and receive money from the Investment Management Board for projects authorized by this code and approved by the Joint Committee on Government and Finance and the Governor. The savings realized from the enactment of this legislation would depend upon a debt issuance’s interest rates in relation to market rates. Changes in revenue received by the Investment Management Board would depend upon a debt issuance’s interest rate in relation to the potential income received from other investment opportunities. No additional costs are associated with this bill.



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 0 0


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






Memorandum






    Person submitting Fiscal Note: Ed Magee
    Email Address: edward.magee@wvhepc.edu