FISCAL NOTE
Date Requested: January 15, 2024
Time Requested: 04:47 PM |
| Agency: |
Puchasing Division |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1053 |
Introduced |
HB4717 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
Vendor Registration Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
AMENDED FROM PREVIOUS SUBMISSION.
This bill proposes to remove the authority of the director of the Purchasing Division to establish an annual fee required by vendors doing business with the state. Currently, that fee is set at $125 but only vendors awarded a contract must pay the fee; there is no fee to submit a bid. During Fiscal Year 2023, a total of 3,345 registrations were paid for by vendors, generating a total of $418,125.00 for the Purchasing Division through this special fund, which is used to pay for salaries, rent, etc. A vendor account is required in wvOASIS for contracts to be issued.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
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 |
-418,125 |
0 |
Explanation of above estimates (including long-range effect):
The amount shown above shows the approximate loss in revenue that would result from the passage of this bill.
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: Samantha Knapp
Email Address: Samantha.S.Knapp@wv.gov