FISCAL NOTE
Date Requested: February 24, 2021 Time Requested: 04:50 PM |
Agency: |
Auditor, State of WV |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2476 |
Introduced |
HB2573 |
|
CBD Subject: |
Finance and Administration |
---|
|
FUND(S):
Special Revenue - State Fund
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed House Bill 2573 is to provide transparency and accountability of state grants to reduce waste, fraud and abuse; provide a short title; provide legislative intent; define terms; establish a West Virginia debarred list, establish uniform reporting requirements; establish a public database for state grant report; establish stop payment procedures and orders; authorize grantors, the State Auditor, and the Attorney General to recover misspent grant funds; establish procedures for the recovery of state grant funds by the grantors, State Auditor, and Attorney General; suspend payments of appropriated funds under a specific grant for inadequate reporting; provide for informal conferences and formal hearings to recover state grant funds; require written disclosure of conflicts of interest by grantees and grantors; provide for audits and reporting of grant funds; prohibit grant funds from being used towards prohibited political activity, as defined, and establish criminal penalties therefore; and authorize the state auditor to promulgate rules governing state grants.
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):
We have reviewed the proposed legislation and we believe the State Auditor’s Office would be able to implement the requirements of the Bill utilizing existing staff and resources currently available to the office. Accordingly, we believe there would be no additional costs associated with the passage of the legislation.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov