FISCAL NOTE
Date Requested: February 22, 2021
Time Requested: 01:37 PM |
| Agency: |
Commerce, WV Dept of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2850 |
Introduced |
SB380 |
|
|---|
| CBD Subject: |
Utilities |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Fund: Gifts, Grants and Donations
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.
As written, WV Code 5B-10-11 subsection c and d, as proposed by this Bill would allow the Secretary of Commerce to accept and expend gifts, grants, contributions, bequests, endowments or other money for the purpose of this article and to expand broadband infrastructure into areas of the state not currently served.
The Code does not appear to require appropriation for this and most other Gifts, Grants and Donations funds within the State's agencies are non-appropriated Special Revenue funds. We would request the fund be set up as such and will appropriate through filing of the Expenditure Schedule with the State Budget Office and Legislative Budget Office.
This would create a new non-appropriated Special Revenue fund in the Secretary of Commerce Office to be titled Gifts, Grants and Donations.
Absent the knowledge of what possible gifts, grants, contributions, bequests, endowments, or other donations that may be received it is not possible to predict how much funds may be received or expended. It is not possible to expend funds not received so overall fiscal impact should net to zero as funds get spent after receipt.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
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.
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.
This Bill would have no fiscal impact since it is not possible to expend funds not received so overall fiscal impact should net to zero as funds get spent after receipt. No additional staff would be required to effectuate this new Article if it is adopted.
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov