FISCAL NOTE
Date Requested: October 12, 2021
Time Requested: 11:15 AM |
| Agency: |
Supreme Court of Appeals |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 6016 |
Introduced |
HB333 |
|
|---|
| CBD Subject: |
Governor -- Bills Requested By |
|---|
|
FUND(S):
Court Facilities Maintenance Fund
Sources of Revenue:
Special Fund Special Fund
Legislation creates:
Creates New Revenue, Creates New Fund: Court Facilities Maintenance Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
While the mere creation of the special revenue fund would have little, if any, fiscal impact, this special revenue fund was identified as a tool necessary to help the Court to defray future building operations and maintenance costs by allowing the Court to lease space to other parties in property it may own or purchase. We anticipate the overall impact on costs and revenues of state government to, over the long term, be less than what the Court currently spends on existing leases. The goal is to reduce the Court’s current property 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 |
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):
The Court is only in preliminary stages of exploring its leasing and purchasing options. The new Special Revenue Fund was identified as a needed tool at this stage in the process to determine whether certain possible spaces can even be considered. Without identifying specific properties and space opportunities, it is impossible to determine estimates at this time.
Memorandum
As stated above, we believe the proposed Special Revenue Fund could provide a framework for savings to the taxpayers if (1) future opportunities allow us to eventually eliminate periodic rental payments in favor of ownership and (2) allow us to use tenant rental payments for court-owned property to maintain and improve court facilities. However, the amount of such specific fiscal impact cannot be stated at this time.
Person submitting Fiscal Note: Keith Hoover
Email Address: Keith.Hoover@courtswv.gov