FISCAL NOTE

Date Requested: January 26, 2023
Time Requested: 02:48 PM
Agency: Economic Development Authority, WV
CBD Number: Version: Bill Number: Resolution Number:
2736 Introduced HB3095
CBD Subject: Education (K12)


FUND(S):

NEW FUND

Sources of Revenue:

Special Fund

Legislation creates:





Fiscal Note Summary


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


Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. The purpose of this HB 3095 is to create a new program to facilitate the constructing, renovating and/or expanding of agricultural, vocational and technical training facilities at West Virginia primary and secondary schools. The proposed legislation would add a new section of code to the Department of Economic Development enabling legislation which would create a special revenue account known as the “School Building Authority Agricultural, Vocational and Technical Training Facilities Grant Fund” (“Grant Fund”). Applications and awards of grants from the Grant Fund would be administered by the Secretary of the Department of Economic Development or his or her designee, while administration and management of construction projects using grant funds would be borne by the School Building Authority. The Department of Economic Development is empowered to promulgate legislative rules to implement the program.



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. HB 3095 will have no fiscal impact on the West Virginia Economic Development Authority.



Memorandum


Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form. A request for a Fiscal Note should be sent to the Department of Economic Development to address what fiscal impact the proposed bill may have on that department as administrator of the new program and new fund.



    Person submitting Fiscal Note: Caren Wilcher
    Email Address: caren.d.wilcher@wv.gov