FISCAL NOTE

Date Requested: January 25, 2023
Time Requested: 03:50 PM
Agency: Insurance Commission
CBD Number: Version: Bill Number: Resolution Number:
2927 Introduced HB3031
CBD Subject: Crime


FUND(S):

7169, 7162

Sources of Revenue:

Special Fund

Legislation creates:





Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


If enacted, House Bill 3031 would eliminate the West Virginia Greyhound Breeding Development Fund and would redirect revenues from that Fund. House Bill 3031 would have no fiscal impact on the WV Offices of the Insurance Commissioner. Please see the memorandum section of this fiscal note for additional information.



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):


Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years.



Memorandum


If enacted, House Bill 3031 would eliminate the West Virginia Greyhound Breeding Development Fund and would redirect revenues from that Fund. House Bill 3031 would have no fiscal impact on the WV Offices of the Insurance Commissioner. HB3031 strikes through the language related to revenues from video lottery that were dedicated to the Worker's Compensation Debt Reduction Fund. There have been no deposits to the WC Debt Reduction Fund since fiscal year 2018, so the elimination of the language provides necessary technical clean-up.



    Person submitting Fiscal Note: Melinda Kiss
    Email Address: Melinda.A.Kiss@wv.gov