FISCAL NOTE
Date Requested: February 13, 2026
Time Requested: 02:59 PM |
| Agency: |
Secretary of State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3824 |
Comm. Sub. |
SB878 |
|
|---|
| CBD Subject: |
Legislature--Rule Making |
|---|
|
FUND(S):
General Fund
Sources of Revenue:
General Fund N/A
Legislation creates:
Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
There is an appropriation from the general revenue fund beginning July 1, 2026, and again thereafter on July 1, 2027, from the General Revenue Fund for the annual sum of $175,000 to the West Virginia Office of Entrepreneurship Fund. That Fund is a special revenue account created by the State Treasury and administered by the Secretary of State. The appropriation will cover two positions to manage the office as well as benefits and administrative costs to run the Office.
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 |
175,000 |
175,000 |
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):
Please see above. Some of the functions and infrastructure of the proposed Office are already handled through the West Virginia Secretary of State. The appropriation will allow the Secretary of State to hire two persons to manage the new Office and to provide for expenses outside of our current infrastructure.
Memorandum
Please see above.
Person submitting Fiscal Note: David Cook
Email Address: dcook@wvsos.com