Date Requested: January 25, 2022
Time Requested: 04:16 PM
Agency: Natural Resources, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2240 Introduced SB485
CBD Subject: Economic Development


0265, 3265

Sources of Revenue:

General Fund

Legislation creates:

Fiscal Note Summary

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

There is no anticipated cost with the implementation of this bill but rather allows for the growth of revenue by way of private investment. The agency has not made a final determination on parks and/or facilities likely to be fully affected by this legislation. The general intention would be to stimulate private investment in some areas by creating new amenities or destinations which will enhance revenue and build tourism. Other areas or facilities currently under state management may also be considered for concession/management agreements such as the agency currently enjoys at Canaan Valley. All such projects or changes would need to be deemed cash neutral or profitable for the agency to consider them as viable. Each considered situation would likely require a financial review by private consulting to ensure that the investment and projected return is sound.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
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):


    Person submitting Fiscal Note: Amanda Morris
    Email Address: