FISCAL NOTE
Date Requested: February 26, 2016 Time Requested: 01:26 PM |
Agency: |
Lottery Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2776 |
Amendment |
HB4625 |
|
CBD Subject: |
Agriculture |
---|
|
FUND(S):
State Road Fund
Sources of Revenue:
Other Fund State Road Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill will increase revenues by redirecting deposits from the Greyhound Development Fund to the State Road Fund. Additional deposits to the State Road Fund will be approximately $3.7M upon full implementation.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2016 Increase/Decrease (use"-") |
2017 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 |
1,000,000 |
3,700,000 |
3,700,000 |
Explanation of above estimates (including long-range effect):
Revenue impact in FY16 was calculated for the remaining portion of the current fiscal year. FY17 is the first full year upon implementation. No additional costs will be incurred.
Memorandum
N/A
Person submitting Fiscal Note: Danielle Boyd, Managing General Counsel
Email Address: dboyd@wvlottery.com