FISCAL NOTE
Date Requested: March 10, 2021
Time Requested: 10:21 AM |
| Agency: |
Labor, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1639 |
Comm. Sub. |
HB2006 |
|
|---|
| CBD Subject: |
Professions and Occupations |
|---|
|
FUND(S):
Special Revenue Appropriated Account - Contractor Licensing Board Fund
Sources of Revenue:
Special Fund
Legislation creates:
Decreases Existing Revenue
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB2006 will result in an estimated loss of special revenue in the amount of $1,563,660 beginning in FY2023. This estimate is derived from the number of current contractor licenses (17,374 X $90 license fee).
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2021
Increase/Decrease
(use"-") |
2022
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
-1,563,660 |
| Personal Services |
0 |
0 |
-1,286,892 |
| Current Expenses |
0 |
0 |
-254,877 |
| Repairs and Alterations |
0 |
0 |
-3,127 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
-18,764 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
HB2006 will result in an estimated loss of special revenue in the amount of $1,563,660 beginning in FY2023. This estimate is derived from the number of current contractor licenses (17,374 X $90 license fee).
Memorandum
HB2006 will result in an estimated loss of special revenue in the amount of $1,563,660 beginning in FY2023. This estimate is derived from the number of current contractor licenses (17,374 X $90 license fee).
Person submitting Fiscal Note: Mitchell E Woodrum, Commissioner
Email Address: Mitchell.E.Woodrum@wv.gov