FISCAL NOTE
Date Requested: February 03, 2022 Time Requested: 01:08 PM |
Agency: |
Department of Economic Development |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2362 |
Introduced |
SB494 |
|
CBD Subject: |
Economic Development |
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|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Fund: Broadband Carrier Neutral and Open Access Infrastructure Development Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to create the Broadband Carrier Neutral and Open Access Infrastructure Development Fund which can consist of a variety of funding sources including gifts, grants, bequests, transfers from any source, and any moneys that may be appropriated by the Legislature.
The first year, FY 2003, it would be a non-appropriated special revenue fund authorized to spend from collections. Thereafter it would be an appropriated special revenue fund appearing in the Budget Bill to be appropriated by the Legislature.
Any moneys that are placed in the fund can be used for expenses for the administration of the Office of Broadband and/or for line extension advancement and development projects, including expansion of existing fiber and cable networks, provided, that if a broadband project or extension is funded by more than 90 percent of public money, the project or extension shall be a carrier neutral and open access project.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2022 Increase/Decrease (use"-") |
2023 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):
There are no associated expenditures with this bill.
Memorandum
Person submitting Fiscal Note: Steve Meester
Email Address: Steve.Meester@wv.gov