FISCAL NOTE
Date Requested: January 30, 2023
Time Requested: 03:02 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2780 |
Introduced |
HB3155 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
General
Sources of Revenue:
General 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.
The purpose of this bill is to encourage veterans of the Armed Forces of the United States to take advantage of the existing West Virginia Invests Grant, which pays for tuition and fees for eligible programs offered by the state’s institutions of higher education. The bill would require the public institutions to develop plans to assist student veterans who are eligible for the Invests Grant. The bill also would require student veterans who receive the grant to remain in West Virginia for five years after completion of the degree or certificate for which the grant was received.
State institutions of higher education already are required to provide student veteran support; therefore, it is not expected that developing plans to assist veterans with the Invests Grant would require additional appropriations. While this bill may encourage increased enrollment in eligible programs, student veterans currently are eligible for the Invests Grant, so no additional appropriations are expected to be needed for the Invests Grant fund.
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.
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.
Person submitting Fiscal Note: Robert Wallett
Email Address: robert.wallett@wvhepc.edu