FISCAL NOTE
Date Requested: January 11, 2024
Time Requested: 08:41 PM |
| Agency: |
Community & Technical College System, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1155 |
Introduced |
HB4305 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 4305, if enacted, would grant in-state resident status to economic development participants in order to determine the rate of tuition to be charged for attendance at state institutions of higher education. No additional state appropriations would be required. Any financial impact would occur at the institution level and would be the difference in revenue generated by the institution from collecting in-state versus out-of-state tuition. We are unable to estimate how many students would be impacted by this bill, but we believe it’s fiscal impact on each institution would be negligible.
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):
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu