FISCAL NOTE
Date Requested: February 01, 2018
Time Requested: 03:33 PM |
| Agency: |
Environmental Protection, Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2341 |
Introduced |
SB455 |
|
|---|
| CBD Subject: |
Energy, Natural Resources, Real and Personal Property |
|---|
|
FUND(S):
Special Revenue Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The proposed legislation should increase revenue in the Oil and Gas Reclamation Fund (3322). From the information provided, it cannot be determined if DEP would incur any expense related to this transfer.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2018
Increase/Decrease
(use"-") |
2019
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):
Due to a lack of history on the dollar amount of unclaimed funds falling under this legislation, DEP is unable to estimate the amount of revenue that may be received. There is also the possibility of expense to the agency that is responsible for accounting for, holding and transferring the funds.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
Person submitting Fiscal Note: Jean Sheppard
Email Address: JEAN.J.SHEPPARD@WV.GOV