FISCAL NOTE
Date Requested: January 16, 2023
Time Requested: 01:26 PM |
| Agency: |
Housing Development Fund, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1922 |
Introduced |
HB2583 |
|
|---|
| CBD Subject: |
Military and Veterans |
|---|
|
FUND(S):
Unknown
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
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.
As administrator under this bill, the WV Housing Development Fund would incur cost of additional staff. The WVHDF is fully self supporting agency and would require an allocation of admin funding to cover these costs. Without additional information, no further costs can be estimated at this time.
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 |
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.
Without further information, it is not possible to estimate the costs associated with this bill.
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.
The bill contemplates a Veterans Welcome Home Grant not to exceed $3000 per veteran, however, there is no cap on the amount of funds to be allocated the program nor does it include a max number of veterans to be assisted. It does not address any admin fees for administering the program.
Person submitting Fiscal Note: Erica L Boggess
Email Address: eboggess@wvhdf.com