FISCAL NOTE
Date Requested: March 08, 2021
Time Requested: 11:50 AM |
| Agency: |
Development Office |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1404 |
Introduced |
HB2971 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
GENERAL FUND
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill establishes the West Virginia Lake Development Study Commission. While the bill states that actual and necessary travel expenses for members of the task force shall be paid by the member's employing agency, it goes on to state that all other expenses incurred by the task force shall be paid by the Development Office. We anticipate that these expenses could include hospitality including both meeting space and food as well as Attorney General's fees since the bill specifically states that upon request of the commission, the Attorney General of the state shall render legal research and analysis.
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 |
8,600 |
8,600 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
8,600 |
8,600 |
| 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):
Potential costs are estimated as follows:
Meeting room rental $150 and meals $150 for up to twelve monthly meetings to total $3,600.
Attorney General's Office fees $5,000.
Memorandum
Further costs associated with lake creation would be identified through the studies and would be part of the final recommendations.
Person submitting Fiscal Note: kimberly miller
Email Address: kimberly.l.miller@wv.gov