FISCAL NOTE
Date Requested: March 16, 2021
Time Requested: 11:39 AM |
| Agency: |
Commerce, WV Dept of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2251 |
Introduced |
HB3198 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
General Revenue
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.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
Creates a new Advisory Committee to meet at least once per quarter. Provides that members of the Advisory Committee are entitled to receive reimbursement for actual and necessary expenses.
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 |
10,800 |
10,800 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
10,800 |
10,800 |
| 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.
Since there are nine members who are not state employees, the agency would be responsible for reimbursing their travel expenses which might include overnight lodging. We will estimate $300 per individual multiplied by the minimum four meetings per year for a total of $10,800 in estimated new travel expense.
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.
N/A
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov