FISCAL NOTE
Date Requested: January 14, 2026
Time Requested: 07:40 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1279 |
Introduced |
SB143 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
State Funds
Sources of Revenue:
Other Fund Impacts All Fund Types
Legislation creates:
Creates New Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 143 is to empower the West Virginia State Treasurer to invest in gold, silver and bitcoin.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
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):
We have reviewed the provisions of the proposed legislation and we are unable to identify any aspects of the Bill which would result in any additional costs for the West Virginia State Auditor’s Office. Since the proposed legislation primarily impacts the operations of the West Virginia State Treasurer’s Office, we would defer to the judgment of the Treasurer as to whether the Bill’s impacts would result in additional revenues to the State and/or additional costs, either leading to or upon implementation of the legislation should it become law.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov