FISCAL NOTE
Date Requested: February 10, 2023
Time Requested: 03:28 PM |
| Agency: |
Department of Economic Development |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3559 |
Introduced |
HB3370 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Special
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This would not have a fiscal impact on WVDED or WV Commerce. The WVDED, WV Commerce, & WV Tourism will have oversight of the loan applications, and the secretaries of these departments must sign on for a loan to be approved. Any operational cost would be incurred by the WVEDA.
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.
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.
Person submitting Fiscal Note: Tia Shannon
Email Address: tia.c.shannon