FISCAL NOTE

Date Requested: February 20, 2021
Time Requested: 01:01 PM
Agency: Environmental Protection, Department of
CBD Number: Version: Bill Number: Resolution Number:
2430 Introduced SB368
CBD Subject:


FUND(S):

Reclamation of Abandoned and Dilapidated Properties Program Fund

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue, Creates New Expense, Creates New Program, Creates New Fund:



Fiscal Note Summary


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


SB368 creates the Reclamation of Abandoned and Dilapidated Properties Program (RADP). A new Fund for the program is also created to be primarily funded by the Landfill Closure Assistance Fund (LCAP). However, funding cannot be transferred from the LCAP Fund to the new RADP Fund until all landfills in the LCAP program are closed and the LCAP Fund has accumulated two times the amount of funding needed to continue operating and maintenance costs of these landfills. These stipulations make it difficult to determine how much funding would be available from the LCAP Fund. This bill allows for other contributions to be a source of funding, however no other funding sources have been identified at this time.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2021
Increase/Decrease
(use"-")
2022
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):


No estimates of revenue or expenditures can be determined at this time.



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. None.



    Person submitting Fiscal Note: Gary W Rogers
    Email Address: gary.w.rogers@wv.gov