FISCAL NOTE

Date Requested: February 23, 2017
Time Requested: 01:07 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2443 Introduced HB2686
CBD Subject: Finance and Administration, Legislature, Taxation


FUND(S):

0344,0348

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


House Bill 2686, if enacted would provide a mechanism for the independent evaluation of revenue estimates by West Virginia and Marshall Universities’ business colleges. The proposed bill requires the Legislative Auditor to forward copies of the estimates received under section eleven, article two, chapter eleven-b of this code to the presidents of West Virginia University and Marshall University for review by qualified personnel in the universities’ business schools. The bill requires the business schools to review the estimates and evaluate the accuracy of the estimates and provide written reports containing the results of their evaluations to their respective president. The bill then requires the presidents to forward copies of reports to the Legislative Auditor and to the Chairs of the Senate Committee on Finance and the House of Delegates Committee on Finance. If this legislation is enacted, the estimated cost will extend from $30,000 to $70,000 depending on the depth and breadth of the analysis required.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2017
Increase/Decrease
(use"-")
2018
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 70,000 70,000
Personal Services 0 70,000 70,000
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 estimates are based upon the following assumptions: Director: $100 per hour Research Professor/Research Associate: $80 per hour Research Assistant: $20 per hour



Memorandum






    Person submitting Fiscal Note: Ed Magee
    Email Address: edward.magee@wvhepc.edu