FISCAL NOTE

Date Requested: January 24, 2018
Time Requested: 11:42 AM
Agency: Investment Management Board, WV
CBD Number: Version: Bill Number: Resolution Number:
2111 Introduced HB4290
CBD Subject: Retirement


FUND(S):

NA

Sources of Revenue:

Other Fund NA

Legislation creates:





Fiscal Note Summary


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


The West Virginia Investment Management Board (WVIMB), is unable to predict what impact this bill would have on investment revenues or investment expenses as the amount of potential assets to be invested is unknown. Any additional administrative cost incurred by the WVIMB should be minimal and would be offset by fees charged to the municipal retirement plan whose assets are being invested.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
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):


Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.



Memorandum


Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.



    Person submitting Fiscal Note: Matthew Jones
    Email Address: matt.jones@wvimb.org