FISCAL NOTE
Date Requested: February 24, 2022
Time Requested: 03:45 PM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2943 |
Introduced |
HB2136 |
|
|---|
| CBD Subject: |
Actions, Suits and Liens |
|---|
|
FUND(S):
Lottery Fund; Excess Lottery Fund
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.
HB 2136 will not have any impact on costs and revenues of state government. HB 2136 removes the 2% benchmark/trigger that allows municipalities to share in net terminal income distributions when the racetrack has been located within a municipality since January 1, 1999.
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 2136 will not have any impact on costs and revenues of state government. HB 2136 removes the 2% benchmark/trigger that allows municipalities to share in net terminal income distributions when the racetrack has been located within a municipality since January 1, 1999.
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.
HB 2136 will not have any impact on costs and revenues of state government. HB 2136 removes the 2% benchmark/trigger that allows municipalities to share in net terminal income distributions when the racetrack has been located within a municipality since January 1, 1999.
Person submitting Fiscal Note: W. Brian Nickerson, General Counsel
Email Address: bnickerson@wvlottery.com