FISCAL NOTE

Date Requested: January 26, 2024
Time Requested: 06:33 PM
Agency: Economic Development Authority, WV
CBD Number: Version: Bill Number: Resolution Number:
3266 Amendment SB571
CBD Subject: Economic Development


FUND(S):

Unknown

Sources of Revenue:

General Fund

Legislation creates:





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 is directed to the WV Department of Economic Development, a separate agency from the WV Economic Development Authority, and therefore it would not be appropriate for the WVEDA to provide the response for a different State agency.



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):


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. Not applicable to the WV Economic Development Authority.



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. This bill is directed to the WV Department of Economic Development, a separate agency from the WV Economic Development Authority, and therefore it would not be appropriate for the WVEDA to provide the response for a different State agency.



    Person submitting Fiscal Note: J. Steven Webb
    Email Address: Steven.J.Webb@wv.gov