FISCAL NOTE
Date Requested: February 13, 2023
Time Requested: 04:41 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3746 |
Introduced |
HB3417 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Increases Existing Expenses
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.
This bill creates a three-year pilot program to include Potomac State College of West Virginia as an eligible institution for participation in the "Learn and Earn Program." The pilot program is to begin at the start of the 2023-2024 academic year and conclude at the end of the 2025-2026 academic year. The Council for Community and Technical Colleges at the conclusion of the pilot program would determine whether Potomac State College can continue to participate in the Learn and Earn Program.
Based on the fiscal year 2023 budget for the system wide Learn and Earn Program, the average expense per community college is $310,000. This would be the estimated cost per year of the pilot program at Potomac State College. If the program becomes permanent, additional administrative support would be required and is estimated at $75,000 per year. Thus, the post-pilot program would be estimated at $385,000 per year.
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 |
310,000 |
385,000 |
| 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):
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: Robert Wallett
Email Address: robert.wallett@wvhepc.edu