FISCAL NOTE
Date Requested: February 21, 2022
Time Requested: 02:35 PM |
| Agency: |
Higher Education Policy Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2883 |
Introduced |
SB691 |
|
|---|
| 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.
Senate Bill 691, if enacted, would establish the Student Basic Needs Campus Initiative. It would authorize the creation of a Student Basic Needs Campus Program office and establishing its duties. The office would be authorized to administer and advise the chancellor on the Student Basic Needs Campus Grant Program. It would also create the Student Basic Needs Campus Program and Grant Fund.
The funding for this initiative will depend upon the amount of state appropriations provided in the budget. A $2 million appropriation would provide support for the initiative. Of this amount approximately $100,000 would be needed for administrative support.
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 |
2,000,000 |
2,000,000 |
| Personal Services |
0 |
100,000 |
100,000 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
1,900,000 |
1,900,000 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu