FISCAL NOTE
Date Requested: March 25, 2025
Time Requested: 04:04 PM |
| Agency: |
Governor's Office, The |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2885 |
Comm. Sub. |
HB2543 |
|
|---|
| CBD Subject: |
Rule Making Authority |
|---|
|
FUND(S):
Depending on the agency any costs may come from general or special revenue
Sources of Revenue:
Other Fund Other Fund Depending on the agency any costs may come from general or special revenue
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government.
The purpose of the Committee Substitute for HB 2543 is to require agencies to include in the form submitted to the Legislative Rulemaking Review Committee ("LRMRC") with any legislative rules a statement of economic impact on the state, its residents, and those doing business in the state that considers five listed criteria. Agencies are already require to provide a short statement of economic impact in the notice of emergency rule, notice of public comment, and agency approved forms as part of the legislative rulemaking process. Additional statutory clarity and directive on the criteria to consider when completing that part of the rulemaking forms is not expected to add materially to agencies costs.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2025
Increase/Decrease
(use"-") |
2026
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):
Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.
Agencies are already require to provide a short statement of economic impact in existing rulemaking forms. Additional statutory clarity on the criteria agencies should consider when completing that part of the rulemaking forms is not expected to add materially to agencies costs.
Memorandum
Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form.
The Committee Substitute is not anticipated to have the costs associated with the Introduced version because the Committee Substitute removes the more costly requirement that agencies also provide a detailed (expert-prepared) economic impact statement for certain rules.
Person submitting Fiscal Note: Sean M. Whelan
Email Address: sean.m.whelan@wv.gov