FISCAL NOTE

Date Requested: January 15, 2024
Time Requested: 04:00 PM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
1036 Introduced HB4697
CBD Subject: Motor Vehicles


FUND(S):

7152 Insurance Commission Fund

Sources of Revenue:

Special Fund

Legislation creates:





Fiscal Note Summary


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


House Bill 4697, if enacted, would provide additional protections for WV residents who reside out of state for certain purposes from non-renewal of licenses, insurance and registration. HB4697 would have no fiscal impact on the Offices of the Insurance Commissioner.



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 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


House Bill 4697, if enacted, would provide additional protections for WV residents who reside out of state for certain purposes from non-renewal of licenses, insurance and registration. HB4697 would have no fiscal impact on the Offices of the Insurance Commissioner.



    Person submitting Fiscal Note: Rhonda Hartwell
    Email Address: rhonda.c.hartwell@wv.gov