FISCAL NOTE
Date Requested: February 20, 2018
Time Requested: 08:17 AM |
| Agency: |
Labor, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2313 |
Comm. Sub. |
HB4350 |
|
|---|
| CBD Subject: |
Labor |
|---|
|
FUND(S):
Bedding & Upholstery Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The Division of Labor received no General Revenue for FY2018.
With the passage of Committee Substitute for HB4350, the Division of Labor will need $325,000 in General Revenue to comply with its mandated obligations.
HB4350, by repealing the Regulation and Control of Bedding and Upholstery Businesses Act (47-1A), the Division will lose an estimated $325,000 in special revenue.
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 |
-108,332 |
-325,000 |
-325,000 |
| Personal Services |
-92,083 |
-276,250 |
-276,250 |
| Current Expenses |
-10,833 |
-32,500 |
-32,500 |
| Repairs and Alterations |
-1,083 |
-3,250 |
-3,250 |
| Assets |
0 |
0 |
0 |
| Other |
-4,333 |
-13,000 |
-13,000 |
| 2. Estimated Total Revenues |
-108,332 |
-325,000 |
-325,000 |
Explanation of above estimates (including long-range effect):
See above.
Memorandum
See above.
Person submitting Fiscal Note: Mitchell E. Woodrum
Email Address: Mitch.E.Woodrum@wv.gov