FISCAL NOTE
Date Requested: February 18, 2020
Time Requested: 12:03 PM |
| Agency: |
Tourism, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3291 |
Introduced |
SB829 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Overland Recreation Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Fund: Overland Recreation Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
SB829 establishes the Overland Recreation Fund and outlines the purposes for which the fund may be used and defines key terms. Since the primary purpose of the bill is to create the fund, there is no immediate fiscal impact.
However, the bill does outline a number of items required to promote, market and develop overland recreation in West Virginia. These types of activities vary in size and scope, so exact fiscal impacts would ultimately be dependent on monies allocated to the fund.
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 |
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):
SB829 establishes the Overland Recreation Fund and outlines the purposes for which the fund may be used and defines key terms. Since the primary purpose of the bill is to create the fund, there is no immediate fiscal impact.
However, the bill does outline a number of items required to promote, market and develop overland recreation in West Virginia. These types of activities vary in size and scope, so exact fiscal impacts would ultimately be dependent on monies allocated to the fund.
Memorandum
SB829 establishes the Overland Recreation Fund and outlines the purposes for which the fund may be used and defines key terms. Since the primary purpose of the bill is to create the fund, there is no immediate fiscal impact.
However, the bill does outline a number of items required to promote, market and develop overland recreation in West Virginia. These types of activities vary in size and scope, so exact fiscal impacts would ultimately be dependent on monies allocated to the fund.
Person submitting Fiscal Note: Emily Hatfield
Email Address: emily.n.hatfield@wv.gov