Date Requested: March 03, 2021
Time Requested: 01:15 PM
Agency: Treasurer's Office, WV
CBD Number: Version: Bill Number: Resolution Number:
2042 Comm. Sub. HB2001
CBD Subject: Taxation



Sources of Revenue:

Other Fund n/a

Legislation creates:

Creates New Expense, Creates New Program, Creates New Fund: Jumpstart Savings Expense Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

The State Treasurer's Office estimates that the office will be able to absorb increased operational expenses to administer the program without requesting an additional appropriation. If Senate Bill 294 is adopted, the State Treasurer's Office will be able to pay for the costs of the Jumpstart Savings Program with special revenue.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 480,000 380,000
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 State Treasurer's Office will incur some administrative startup costs in FY 2022 that the office does not believe will be present in the out years.


    Person submitting Fiscal Note: James Fuerhoff
    Email Address: