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