FISCAL NOTE
Date Requested: January 30, 2023 Time Requested: 10:38 AM |
Agency: |
Municipal Pensions Oversight Board |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
3084 |
Introduced |
HB3119 |
|
CBD Subject: |
Retirement |
---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The revisions included in this bill will not increase or decrease revenues or expenditures for the Municipal Pensions Oversight Board.
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):
The revisions included in this bill will not increase or decrease revenues or
expenditures for the Municipal Pensions Oversight Board.
Memorandum
§8-15-8b(a)(16) (page 4, Line 67) of the bill modifies the allowable use of funds from the Municipal Pensions and Protection Fund and the Fire Protection Fund. The Municipal Pensions Oversight Board does not utilize either of these funds in the operation of normal business.
The bill modifies §33-3-14d(c) by striking all of sub-section (2). This chapter of code does govern the funding utilized by the Municipal Pensions Oversight Board, but the elimination of this language would have no impact on the Board or it's constituents.
Changes made to §33-3-33 would have no impact on the Municipal Pension Oversight Board or it's constituents.
Person submitting Fiscal Note: Matthew D. Pauley
Email Address: matthew.d.pauley@wv.gov