FISCAL NOTE
Date Requested: February 13, 2023
Time Requested: 04:25 PM |
| Agency: |
Treasurer's Office, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3580 |
Introduced |
HB3361 |
|
|---|
| CBD Subject: |
Counties |
|---|
|
FUND(S):
New
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Program, Creates New Fund: Budget Surplus and American Rescue Plan Low-Income Assistance Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The proposed legislation requires the State Treasurer to allocate monies to county commissions and municipalities based upon the percentage share of families and individuals living below the federal poverty level in each jurisdiction. The legislation also creates a new special revenue account to be known as the Budget Surplus and American Rescue Plan Low-Income Assistance Program. The State Treasurer's Office estimates setup costs for administration of the new program would be approximately $3,200.
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 |
3,200 |
3,200 |
| Personal Services |
0 |
3,200 |
3,200 |
| 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):
Memorandum
Person submitting Fiscal Note: James Fuerhoff
Email Address: james.fuerhoff@wvsto.gov