FISCAL NOTE
Date Requested: February 26, 2020 Time Requested: 11:02 AM |
Agency: |
Environmental Protection, Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
3345 |
Originating |
SB840 |
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CBD Subject: |
|
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FUND(S):
Oil and Gas Operating Permit Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue
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.
This proposed legislation creates a statutory fee for the modification of permits issued by DEP's Office of Oil and Gas. Each approved modification will be issued at a cost of $2,500.00. It is anticipated that approximately 250 modifications will be completed each year. There are no expected additional costs to the agency in implementing this new fee.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2020 Increase/Decrease (use"-") |
2021 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 |
103,750 |
625,000 |
625,000 |
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.
There are no expected increases to expenses in implementing this fee. The revenues are calculated by multiplying approximately 250 modifications by the $2,500 modification fee. Revenues of $103,750 for FY2020 were calculated based on receiving fees during the last two months of the fiscal year. All future years are expected to receive approximately $625,000 per year.
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.
None
Person submitting Fiscal Note: Gary Rogers
Email Address: gary.w.rogers@wv.gov