FISCAL NOTE
Date Requested: February 13, 2020
Time Requested: 12:29 PM |
| Agency: |
Pharmacy, WV Board of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3232 |
Introduced |
SB763 |
|
|---|
| CBD Subject: |
Professions and Occupations |
|---|
|
FUND(S):
Pharmacy Operating Fund
Sources of Revenue:
Special Fund
Legislation creates:
Increases Revenue From Existing Sources, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
It would create additional revenue for the new licenses that will have to be issued. Expenses would also increase for the additional manpower and modifications to our existing database/license system.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
10,000 |
5,000 |
0 |
| Personal Services |
5,000 |
5,000 |
0 |
| Current Expenses |
5,000 |
5,000 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
1 |
1 |
0 |
Explanation of above estimates (including long-range effect):
Personal Service Expenses would increase for the additional manpower and Current Expenses for modifications to our existing database/license system.
Revenue, we can not estimate the additional revenue due to not knowing how many licenses would be issued at fee of $55,000 per license.
Memorandum
We don't know the impact of this bill for the effects it would have on Distributors and the number of licenses being issued yearly.
Person submitting Fiscal Note: John P Smolder
Email Address: john.p.smolder@wv.gov