FISCAL NOTE
Date Requested: February 08, 2023
Time Requested: 04:59 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3375 |
Amendment |
HB3347 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
9061
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 3347 would extend the Upper Kanawha Valley Resiliency and Revitalization Program to June 30, 2028, and to add the mayors of the municipalities of Gauley Bridge, Handley, East Bank, Chesapeake, Marmet, Glasgow, Cedar Grove, and Belle to the membership of the Upper Kanawha Valley Resiliency and Revitalization Council (Revitalization Council). The Revitalization Council is coordinated by the West Virginia Department of Economic Development. The Secretary of the West Virginia Department of Economic Development is the chair of the Revitalization Council. HB 3347 would have no fiscal impact on the West Virginia Economic Development Authority.
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.
The Secretary of the West Virginia Department of Economic Development is the chair of the Revitalization Council. HB 3347 would have no fiscal impact on the West Virginia Economic Development Authority.
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 Secretary of the West Virginia Department of Economic Development is the chair of the Revitalization Council. HB 3347 would have no fiscal impact on the West Virginia Economic Development Authority.
Person submitting Fiscal Note: Caren Wilcher
Email Address: caren.d.wilcher@wv.gov