FISCAL NOTE
Date Requested: March 02, 2021
Time Requested: 11:29 AM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2443 |
Introduced |
HB2816 |
|
|---|
| CBD Subject: |
Constitutional Officers |
|---|
|
FUND(S):
Special Revenue - State Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Creates New Fund:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed House Bill 2816 is to authorize an order of restitution to the state for reimbursement of costs incurred for misuse of public funds, and to create the State Auditor’s Public Integrity and Fraud Fund for use of said funds.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
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):
We have examined the requirements of the proposed legislation and we believe the State Auditor’s Office can implement the provisions of the Bill with current staff and at no additional cost. We also believe the Bill, if passed, would potentially result in additional revenues to the state in the form of court-ordered restitutions; however, we have no historical data which would provide us the ability to reasonably estimate what those potential revenue impacts might be.
Memorandum
We have no additional comments regarding the proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov