FISCAL NOTE
Date Requested: January 14, 2023
Time Requested: 04:00 PM |
| Agency: |
Education, WV Department of |
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| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1137 |
Introduced |
HB2380 |
|
|---|
| CBD Subject: |
|
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FUND(S):
0317
Sources of Revenue:
General Fund N/A
Legislation creates:
Decreases Existing Expenses, Creates New Fund: N/A
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This legislation, in its current form, terminates The School Building Capital Improvements Fund immediately upon passage and moves the $24M appropriated to the School Building Authority (SBA) under the Public School Support Plan (PSSP) to a separate budget line item appropriation in the same amount that would be sent directly to the SBA.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2023
Increase/Decrease
(use"-") |
2024
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):
This Legislation, in its current form, does not have any additional fiscal impact on the State under the PSSP because it simply changes how an annual $24M appropriation is allocated to the SBA. Currently, $24M is requested as part of the PSSP and then deposited in the SBA’s School Building Capital Improvements Fund. The provisions of this legislation requires the SBA to annually request the Governor to include the $24M in the budget bill for appropriation into a new fund, established as the School Construction Fund.
Memorandum
The West Virginia Department of Education’s (WVDE) believes that any fiscal impact of this legislation would be realized by the SBA; therefore, the Legislature may find a fiscal note request from the SBA beneficial.
Please note that W. Va. Code §18-9D-15(j)(2) was codified under the provisions of HB 4466 enacted during the 2022 Regular Legislative Session. As such, the strikethrough language in the bill appears to be striking out language that is not currently included in the statute, and could potentially unintentionally reverse statute that was recently codified. The Legislature may want to consider an amendment to remove defects in this bill.
Person submitting Fiscal Note: Samuel E. Pauley
Email Address: sepauley@k12.wv.us