FISCAL NOTE
Date Requested: January 11, 2024
Time Requested: 09:17 PM |
| Agency: |
Puchasing Division |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1592 |
Introduced |
HB4364 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
N/A
Sources of Revenue:
Other Fund This fund does not affect the WV Purchasing Division.
Legislation creates:
Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill proposes to prohibit vendors with a strategic non-financial relationship with foreign entities that have values antithetical to those of the state of West Virginia from doing business with the state.
This bill would likely not have a direct fiscal impact on the purchasing division but could have an indirect fiscal impact on other state agencies by potentially disqualifying lower bidders under this law.
The Purchasing Division does not have sufficient information to provide an estimate of potential costs, direct or indirect. However, the bill could result in adding administrative costs.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
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):
This bill would likely not have a direct fiscal impact on the purchasing division but could have an indirect fiscal impact on other state agencies by potentially disqualifying lower bidders under this law.
The Purchasing Division does not have sufficient information to provide an estimate of potential costs, direct or indirect. However, the bill could result in adding administrative costs.
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: Samantha Knapp
Email Address: Samantha.S.Knapp@wv.gov