FISCAL NOTE
Date Requested: January 26, 2024
Time Requested: 06:14 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2924 |
Amendment |
HB5223 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Unknown
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
This bill is directed to the Development Office, now known as the WV Department of Economic Development, a separate agency from the WV Economic Development Authority (the "WVEDA"). As such, it would be improper for the WVEDA to comment on activities that would be required from the WV Dept. of Economic Development should the bill pass.
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.
This bill is not applicable to the WVEDA.
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.
This bill is directed to the Development Office, now known as the WV Department of Economic Development, a separate agency from the WV Economic Development Authority (the "WVEDA"). As such, it would be improper for the WVEDA to comment on activities that would be required from the WV Dept. of Economic Development should the bill pass.
Person submitting Fiscal Note: J. Steven Webb
Email Address: Steven.J.Webb@wv.gov