FISCAL NOTE
Date Requested: February 27, 2024
Time Requested: 03:42 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2170 |
Comm. Sub. |
HB4919 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
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.
If passed, this bill as revised in the committee substitute would allow eligible students of a state institution of higher education who failed to meet certain requirements to reapply for the Promise Scholarship if that student can satisfy the other qualifications set forth. Promise Scholarship benchmarks and data were reviewed from the past several years to determine the potential number of students who would requalify along with the range of scholarship amount awarded. The number projected with the committee substitute changes could be accommodated with the existing budget. Therefore, no additional appropriations would be required from the enactment of this legislation.
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):
Estimated cost based on the following considerations from the past several years:
-Promise Scholarship award amount per student
-Potential number of students that would requalify for the Promise Scholarship using the criteria of the committee substitute.
-Promise Scholarship benchmarks.
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu