FISCAL NOTE
Date Requested: January 26, 2018
Time Requested: 08:20 AM |
| Agency: |
Agriculture, WV Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1708 |
Introduced |
HB4166 |
|
|---|
| CBD Subject: |
Agriculture |
|---|
|
FUND(S):
Dept. of Agriculture Capital Improvements Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Fund:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
*RESUBMITTING - DID NOT GET E-MAIL CONFIRMATION EARLIER IN THE WEEK*
HB4166 establishes a dedicated Special Revenue fund to allow the Department of Agriculture to utilize existing resources for construction and other capital improvements for agency facilities. This does not create new revenue, but allows the Commissioner of Agriculture to better utilize other funds generated from agency operations (unless those funds are statutorily restricted).
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 net effect to agency revenue is $0, and expenditures will vary depending on available fund balance. The purpose of utilizing existing Special Revenue resources for capital improvements is to ultimately reduce reliance on one-time, special-purpose General Revenue appropriations for agency improvement projects.
Memorandum
None noted.
Person submitting Fiscal Note: Alan Clemans, on behalf of Sandra Gillispie, CFO
Email Address: sgillispie@wvda.us