FISCAL NOTE
Date Requested: January 21, 2026
Time Requested: 02:49 PM |
| Agency: |
Purchasing Division |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2763 |
Introduced |
SB560 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
N/A
Sources of Revenue:
Other Fund This fund does not affect the WV Purchasing Division.
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill proposes to allow an additional option for paying vendors for contracts using the stable token method of payment. This could expand the state’s vendor pool since more options for payment could mean more vendors bidding, as long as it remains optional and voluntary. Adversely, if the bill were to mandate acceptance of this form of payment by all vendors, it would have the opposite effect if the low bidder fails to accept the stable token as payment.
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):
As written, this bill would likely not have a direct fiscal impact on the Purchasing Division.
Memorandum
None
Person submitting Fiscal Note: Samantha Knapp
Email Address: samantha.s.knapp@wv.gov