FISCAL NOTE
Date Requested: February 20, 2025
Time Requested: 04:11 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3209 |
Introduced |
HB2718 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Expense, Creates New Fund: Military College Advisory Council Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill would create a State Advisory Council to study the viability and benefits of creating a military college in West Virginia. It also establishes the State Advisory Council’s composition, responsibilities, areas of study and reporting requirements. After 3 years, the council would terminate on June 30, 2028. The estimated total annual cost is $293,500.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
293,500 |
293,500 |
| Personal Services |
0 |
123,500 |
123,500 |
| Current Expenses |
0 |
170,000 |
170,000 |
| 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 requires the State Advisory Council to employ an executive director at an estimated cost for salary and benefits of $123,500. Approximately $150,000 would be needed to study the necessary issues related to the council’s purpose. Further, an additional $20,000 would be needed to reimburse the council members and executive director for all reasonable and necessary expenses incurred.
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu