FISCAL NOTE

Date Requested: February 27, 2017
Time Requested: 01:46 PM
Agency: Highways, Division of
CBD Number: Version: Bill Number: Resolution Number:
1024 Introduced SB15
CBD Subject: Roads and Transportation


FUND(S):



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.


     The proposed legislation SB15 revises WV State Code Article 27. Public-Private Transportation Facilities Act to allow the West Virginia Division of Highway (WVDOH) to enter into agreements with a developer after June 30, 2017.
    
    



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 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):


    The proposed SB15 essentially removes the sunset provision of not allowing an agreement to be executed after June 30, 2017. The removal of the sunset provision does not directly provide any additional revenue to the WVDOH nor will any additional costs be incurred as a result of this legislative change. Any costs or revenue from a private entity would be specific to a particular agreement as per ยง17-27-9 and will depend on the nature of the project being implemented.



Memorandum


    



    Person submitting Fiscal Note: Lorrie Hodges
    Email Address: lorrie.a.hodges@wv.gov