FISCAL NOTE
Date Requested: January 14, 2026
Time Requested: 05:57 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1735 |
Introduced |
HB4119 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to create The Education and Child-Care Help Scholarship Program (also to be known as the WV TEACH Scholarship Program) authorizing the WV Higher Education Policy Commission to award scholarships, propose legislative rules, and compile the required reports. The bill establishes the WV Teach Scholarship Program Fund as a special revenue account, funded through appropriations from the Legislature, gifts and contributions received, and interest earned from investments.
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 |
166,988 |
166,988 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
166,988 |
166,988 |
| 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):
Currently, WVU and Marshall have early education programs that would fall under this program. WVU has about 6 resident students on average, while MU has about 17 resident students on average in the programs. Assuming half of the students at each institution apply and qualify the total annual cost for the 4-year programs would be $116,748 (3 at WVU @ $10,752/yr and 9 at MU @ $9,388/yr). There are about 10 students at CTCs who have already received an associate’s degree that could apply and qualify for a total annual cost for the 2-year programs of $50,240 (10 @ the average CTC tuition of $5,024/yr). The overall cost across the WV higher education system, based on prior year enrollment and estimates would be $166,988.
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu