FISCAL NOTE
Date Requested: February 03, 2026
Time Requested: 04:26 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1798 |
Introduced |
HB5072 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill establishes the TechCred program, which would reimburse employers from appropriations made for that purpose for training costs for prospective and incumbent employees to earn a microcredential. The WV Office of Economic Development, in consultation with the Governor's office and WVHEPC, shall develop the program.
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 |
20,000 |
15,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
20,000 |
15,000 |
| 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):
The cost included above is only that for hiring a consultant during the initial development phase where programs are identified, and for the cost of updating and maintaining the list of eligible programs. This estimate only represents the cost associated with the Higher Education Policy Commission. Additional costs to the Department of Commerce may be associated with this bill.
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu