FISCAL NOTE
Date Requested: February 11, 2020
Time Requested: 12:23 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3120 |
Introduced |
HB4871 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
9061
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
The provisions of the proposed bill would create a new Economic and Community Development Task Force on which the Executive Director of the West Virginia Economic Development Authority, or his or her designee, would serve as a member. This new taskforce would be responsible for studying and encouraging pilot programs for targeted community improvement and enrichment, and would be required to submit a report to the Joint Committee on Government and Finance by the first year anniversary of its establishment. WVEDA is not able to estimate any additional revenues or expenses of state government arising from the formation of this Task Force.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2020
Increase/Decrease
(use"-") |
2021
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
WVEDA is not able to make any estimate of additional revenues or expenses for state government that could arise as a result of the formation of this Task Force.
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.
WVEDA currently does not have an appointed Executive Director, so WVEDA suggests that the Task Force include an alternate to the WVEDA Executive Director in the case of any vacancy of that position. In newly created section 5B-9-2(a), on line 4, WVEDA suggests that the following language replace what is currently in the bill: "(3) The Executive Director of the West Virginia Economic Development Authority, or his or her designee, or during any period when such position is vacant, the Associate Director of the West Virginia Economic Development Authority, or his or her designee."
Person submitting Fiscal Note: Caren Wilcher
Email Address: caren.d.wilcher@wv.gov