FISCAL NOTE
Date Requested: April 02, 2021
Time Requested: 10:18 AM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2152 |
Introduced |
SB308 |
|
|---|
| CBD Subject: |
|
|---|
|
FUND(S):
Lottery
Sources of Revenue:
Special Fund
Legislation creates:
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.
SB 308 will have no fiscal impact on Lottery or State Government costs and/or revenues. SB 308 simply alters the method of allocation of racetrack video lottery excess net terminal income in municipalities wherein thoroughbred racing is held and thoroughbred racetracks are located.
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):
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.
No impact.
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.
SB 308 will have no fiscal impact on Lottery or State Government costs and/or revenues. SB 308 simply alters the method of allocation of racetrack video lottery excess net terminal income in municipalities wherein thoroughbred racing is held and thoroughbred racetracks are located.
Person submitting Fiscal Note: W. Brian Nickerson, Managing General Counsel
Email Address: bnickerson@wvlottery.com