FISCAL NOTE
Date Requested: March 09, 2021
Time Requested: 10:47 AM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2477 |
Comm. Sub. |
SB9 |
|
|---|
| CBD Subject: |
Legal Gaming |
|---|
|
FUND(S):
Lottery
Sources of Revenue:
Special Fund
Legislation creates:
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.
SB 9 will not have any impact on costs and revenues of the Lottery and/or State Government. SB 9 continues the Racetrack Modernization Fund, as set forth in W. Va. Code 29-22A-10, for an additional 10 years and corrects other technical errors.
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.
No impact.
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.\
SB 9 will not have any impact on costs and revenues of the Lottery and/or State Government. SB 9 continues the Racetrack Modernization Fund, as set forth in W. Va. Code 29-22A-10, for an additional 10 years and corrects other technical errors.
Person submitting Fiscal Note: W. Brian Nickerson, Managing General Counsel
Email Address: bnickerson@wvlottery.com