FISCAL NOTE
Date Requested: February 13, 2026
Time Requested: 10:35 AM |
| Agency: |
Education, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 4076 |
Introduced |
HB5463 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
N/A
Sources of Revenue:
Other Fund N/A
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to decrease mandatory liability minimums and remove excess coverage requirements for county boards of education. This legislation, in its current form, has no estimated cost to the State. However, there is an anticipated savings to the county boards of education since the required amount of insurance coverage is being decreased.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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):
This legislation, in its current form, has no estimated cost to the State. However, there is an anticipated savings to the county boards of education since the required amount of insurance coverage is being decreased.
The West Virginia Department of Education (WVDE) does not have access to the data necessary to calculate the potential savings.
Memorandum
The WVDE recommends that the State Board of Risk and Insurance Management (BRIM) be given the opportunity to provide information on the potential fiscal impact of this proposed legislation.
Person submitting Fiscal Note: Tina Payne
Email Address: tina.a.payne@k12wv.us