FISCAL NOTE
Date Requested: March 03, 2021
Time Requested: 01:05 PM |
| Agency: |
Environmental Protection, Department of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3110 |
Introduced |
SB492 |
|
|---|
| CBD Subject: |
Energy |
|---|
|
FUND(S):
Wind and Solar Decommissioning Account
Sources of Revenue:
Other Fund Future penalties and interest income
Legislation creates:
Creates New Program, Creates New Fund: Wind and Solar Decommissioning Account
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.
SB492 creates a bonding requirement to reclaim abandoned wind and solar facilities. the implementation of this bill will require DEP to incur additional personnel costs to complete the responsibilities of the bonding requirement. Deposits of penalties and interest income are not expected to be at a self sustaining level for several years, therefore the personnel costs will be incurred on existing DEP accounts until the Wind and Solar Decommissioning Account is at a sustainable level.
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 |
53,600 |
53,600 |
| Personal Services |
0 |
53,600 |
53,600 |
| 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.
Upon implementation of SB492, DEP will need to hire one additional employee in the Division of Solid Waste to review decommissioning plans, determine bonding requirements, and maintain data related to bonded facilities. The salary of the employee is expected to be approximately $40,000 plus an estimated 34% taxes and benefits. WV DEP is not expected to receive any revenue from penalties and interest for several years.
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 W Rogers
Email Address: gary.w.rogers@wv.gov