FISCAL NOTE
Date Requested: February 14, 2022
Time Requested: 12:37 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2104 |
Amendment |
HB4357 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 4357, if enacted, would expand the current Learn and Earn Program by making students enrolled in technical programs at public four-year institutions in West Virginia eligible to participate in the program. It is anticipated that the total cost of this legislation would be approximately $900,000.
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 |
900,000 |
900,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
900,000 |
900,000 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The estimates are based on:
-The current trends of student and company participation in the Learn and Earn
program.
-The average reimbursement amount based on Learn and Earn applications.
The estimates below represent the potential additional cost associated with students
from West Virginia public four-year institutions participating in the Learn and Earn
program.
Total Cost
100 Students $ 900,000
200 Students $1,800,000
Memorandum
The estimates are based on:
-The current trends of student and company participation in the Learn and Earn
program.
-The average reimbursement amount based on Learn and Earn applications.
The estimates below represent the potential additional cost associated with students
from West Virginia public four-year institutions participating in the Learn and Earn
program.
Number of Students Participating in Learn and Earn Average Reimbursement Amount
Total Cost
100 Students $ 900,000
200 Students $1,800,000
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu