FISCAL NOTE
Date Requested: January 20, 2026
Time Requested: 03:15 PM |
| Agency: |
Treasurer's Office, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2310 |
Introduced |
HB4588 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
1322
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The bill requires the State Treasurer's Office to accept applications from Scholarship Granting Organizations (SGO's) that are seeking to participate in the newly enacted federal tax credit. The State Treasurer's Office estimates it would require approximately 280 hours of software development and design split between two existing IT staff members to develop and implement a portal that is integrated into the Treasury's website for SGO's to submit applications and other required documentation.
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):
It is difficult to estimate whether the increased workload would warrant an additional FTE at this time due to uncertainty in application volume.
Memorandum
Person submitting Fiscal Note: James Fuerhoff
Email Address: james.fuerhoff@wvsto.gov