FISCAL NOTE
Date Requested: February 15, 2022
Time Requested: 05:39 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2106 |
Introduced |
HB4754 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
NEW FUND
Sources of Revenue:
Other Fund SPECIAL REVENUE
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.
The purpose of HB 4754 is to establish a new Workforce Improvement Partnership program within the Department of Economic Development to provide consultation services and grants related to employee training services to improve the competitiveness and productivity of the State’s workforce and develop advanced skills. The new program will be administered and directed by the Secretary of the Department of Economic Development, which is a department separate and distinct from the West Virginia Economic Development Authority. The legislation creates a new fund in the State Treasury to provide for employee training grants, such grants from the fund to be administered by the Secretary of the Department of Economic Development. HB 4754 will have no fiscal impact on the West Virginia Economic Development Authority.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2022
Increase/Decrease
(use"-") |
2023
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.
HB 4754 will have no fiscal impact on the West Virginia Economic Development Authority.
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.
A request for a Fiscal Note should be sent to the Department of Economic Development to address what fiscal impact the proposed bill may have on that department as administrator of the new program and new fund.
Person submitting Fiscal Note: Caren Wilcher
Email Address: caren.d.wilcher@wv.gov