FISCAL NOTE
Date Requested: January 24, 2019 Time Requested: 09:24 AM |
Agency: |
Labor, WV Division of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1717 |
Introduced |
HB2203 |
|
CBD Subject: |
Labor, Professions and Occupations |
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|
FUND(S):
Contractor Licensing Board 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.
If HB2203 passes it will result in an esitmated loss of special revenue in the amount of $1,578,420 beginning in FY2020. This estimate is derived from the number of current contractor licenses (17,538 X $90 license fee).
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2019 Increase/Decrease (use"-") |
2020 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
-1,578,420 |
-1,578,420 |
Personal Services |
0 |
-1,311,667 |
-1,311,667 |
Current Expenses |
0 |
-246,234 |
-246,234 |
Repairs and Alterations |
0 |
-6,314 |
-6,314 |
Assets |
0 |
0 |
0 |
Other |
0 |
-14,205 |
-14,205 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
See above.
Memorandum
See above.
Person submitting Fiscal Note: Mitchell E. Woodrum, Commissioner
Email Address: Mitchell.E.Woodrum@wv.gov