FISCAL NOTE
Date Requested: March 17, 2017 Time Requested: 04:31 PM |
Agency: |
Auditor, State of WV |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2927 |
Introduced |
HB2851 |
|
CBD Subject: |
Claims |
---|
|
FUND(S):
1225 Securities Regulation
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2017 Increase/Decrease (use"-") |
2018 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 |
5,601,000 |
24,278,000 |
Explanation of above estimates (including long-range effect):
An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.
Memorandum
Person submitting Fiscal Note: Charles Perdue
Email Address: charles.perdue@wvsao.gov