FISCAL NOTE
Date Requested: January 11, 2023
Time Requested: 08:14 PM |
| Agency: |
Environmental Protection, Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2248 |
Introduced |
HB2021 |
|
|---|
| CBD Subject: |
|
|---|
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FUND(S):
Special Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Passage of HB2021 with its proposed change will not affect expenditures but will increase revenues for the Office of Oil and Gas by charging $100 per unplugged well.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
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 |
7,458,600 |
7,458,600 |
Explanation of above estimates (including long-range effect):
The production data for 2022 indicates that there were 74,586 unplugged wells, which would raise $7,458,600 per year. Passage of this bill would allow the Office of Oil and Gas to hire additionally needed staff to inspect and monitor these unplugged wells and also shore up the budget for the Office of Oil and Gas.
Memorandum
None
Person submitting Fiscal Note: Gary Rogers
Email Address: Gary.W.Rogers@wv.gov