FISCAL NOTE

Date Requested: March 16, 2017
Time Requested: 12:44 PM
Agency: Racing Commission, WV
CBD Number: Version: Bill Number: Resolution Number:
3209 Introduced SB623
CBD Subject: Agriculture


FUND(S):

Racing Commission

Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


SB623 changes the license period for licensed racetracks in West Virginia from a calendar year basis to a fiscal year basis. Under current law, the racetracks are required to apply for licensure and identify the number of race days they intend to run on a calendar year basis. The number of racing days that can be attained, however, is dependent upon the purse funds that the Legislature may make available. The legislative allocation of purse funds is done on a fiscal year basis. This change is necessary to align the licensure year with the fiscal year allocation of purse funds.



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):


This legislation will have no impact upon the revenues or expenditures of the State of West Virginia.



Memorandum


There are no areas of vagueness to be addressed in connection with this bill.



    Person submitting Fiscal Note: Joe Moore
    Email Address: joe.k.moore@wv.gov