FISCAL NOTE
Date Requested: January 16, 2018
Time Requested: 03:22 PM |
| Agency: |
Puchasing Division |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2001 |
Originating |
SB296 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
Various depending upon departments
Sources of Revenue:
Other Fund Various depending upon departments
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The Surplus Property Program under the authority of the West Virginia Purchasing Division has experienced difficulty in the past when attempting to reimburse the proceeds of the sale of state property since W.Va. Code §5A-3-45(f) requires the Surplus Property Program to reimburse the fund(s) that the property was originally acquired. In some cases, the fund no longer existed.
The purpose of this legislation is to allow the Surplus Property Program to allow the spending unit to designate the fund into which proceeds from the sale of the property may be deposited. The Purchasing Division requested this legislation last year in attempt to properly reimburse the spending unit for the property retired by their agency and sold by the Surplus Property Program.
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):
The amount of proceeds from sales of retired surplus property that was acquired from a fund no longer in existence is unknown. However, it does occur periodically. The Purchasing Division recommends that the Code changes to allow the proceeds to go to the proper spending unit.
Memorandum
Another bill, SB283, was introduced during the 2018 Regular Session of the Legislature relating to the same section of W.Va. Code §5A-3-45(f). It recommends the same change to allow the Purchasing Division’s Surplus Property Program to allow the spending unit to designate an alternative fund within which the proceeds must be deposited.
Person submitting Fiscal Note: Diane Holley-Brown
Email Address: Diane.M.Holley@wv.gov