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


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