FISCAL NOTE

Date Requested: January 12, 2024
Time Requested: 01:11 PM
Agency: Agriculture, WV Department of
CBD Number: Version: Bill Number: Resolution Number:
2576 Introduced HB4625
CBD Subject:


FUND(S):

Special Revenue - Agriculture Fees Fund

Sources of Revenue:

Special Fund

Legislation creates:

Decreases Existing Revenue, Decreases Existing Expenses



Fiscal Note Summary


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


HB 4625 would repeal article 19-2C relating to the licensing and practice of auctioneers in the state. Repeal would result in lost revenue. Additionally, while the administration of article 19-2C would be eliminated, staff currently administering the program would be utilized elsewhere in the Department resulting in no net cost savings to the state, except for a de minimis amount associated with printing and mailing license renewals.



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 -200 -200
Personal Services 0 0 0
Current Expenses 0 -200 -200
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 -45,000 -45,000


Explanation of above estimates (including long-range effect):


Average annual revenue for auctioneer licensing is estimated at $45,000 based on prior years' receipts. The estimated net cost savings to the state is $200 related to printing and mailing of annual license renewals.



Memorandum


If article 19-2C is repealed, consumer protection would be greatly weakened in regard to public auctioneer sales, resulting in greater losses to the public (buyers and/or sellers) from improper or fraudulent sales practices.



    Person submitting Fiscal Note: Alan Clemans, CFO/Director of Administrative Svcs
    Email Address: aclemans@wvda.us