FISCAL NOTE

Date Requested: January 14, 2023
Time Requested: 04:00 PM
Agency: School Building Authority, WV
CBD Number: Version: Bill Number: Resolution Number:
1137 Introduced HB2380
CBD Subject:


FUND(S):

Special Revenue

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue



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. There will be no direct impact financially to the State of WV. The main financial component of this bill is to have funds be directly appropriated to the Construction Fund within the School Building Authority of WV (SBA). The previous process required the appropriation to go to the WV Department of Education (DOE) and quarterly transfers be made to direct the same funds to the SBA. While most likely not material, this measure would result in time and labor savings to the DOE in not having to prepare the documents for the transfer each quarter.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2023
Increase/Decrease
(use"-")
2024
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. There would be no change, other than minor time and labor savings, to revenue or expenses for this measure.



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. The SBA is in agreement with HB2380; however, the proposed language update strikes through Statute 18-9D-15(j)(2). This language was added through HB4466 in 2022 to provide language requiring the County Boards of Education to first obtain approval from the School Building Authority before using the SBA name in any bond levy elections. We are concerned that this language will result in instances, that have occurred in past, where a County uses the SBA name to pass a bond levy, and then, subsequently, comes to the SBA for approval of the project. The language proposed in HB4466 in 2022 alleviates that concern.



    Person submitting Fiscal Note: JORDAN KIRK
    Email Address: JORDAN.L.KIRK@WV.GOV