FISCAL NOTE
Date Requested: March 04, 2024
Time Requested: 09:13 AM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3505 |
Comm. Sub. |
SB722 |
|
|---|
| CBD Subject: |
Boards and Commissions |
|---|
|
FUND(S):
State Lottery Fund, State Excess Lottery Fund
Sources of Revenue:
Special 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.
SB 722 will not have any impact on the costs and revenues of state government.
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.
SB 722 will not have any impact on the costs and revenues of state government.
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.
House Finance incorporated an amendment on March 4, 2024, inserting a new section, 29-22B-1305, to read as follows:
"The Legislature has determined there is potentially a significant amount of state revenue lost due to terminal downtime. The Legislature mandates that the West Virginia Lottery and the West Virginia Amusement & Limited Video Lottery Association work jointly to research this matter and propose legislation in the 2025 legislative session with the goal of maximizing revenue for the state."
The Lottery is not aware of any evidence that would support the premise that there is "potentially a significant amount of state revenue lost due to terminal downtime" and strongly opposes such a position and the incorporation of the amendment to SB 722. In addition to the amendment's inaccurate depiction of fact, the Lottery has met with the association representatives upon request.
Person submitting Fiscal Note: W. Brian Nickerson, General Counsel
Email Address: bnickerson@wvlottery.com