FISCAL NOTE

Date Requested: March 20, 2017
Time Requested: 10:56 AM
Agency: Tourism, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
2986 Introduced HB2856
CBD Subject: Economic Development


FUND(S):

3072

Sources of Revenue:

Special Fund

Legislation creates:

A New Fund



Fiscal Note Summary


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


This bill declares the intent of the Legislature to facilitate, advance, and improve the availability of interstate passenger rail service by the AMTRAK Cardinal Passenger Train. This bill authorizes and directs the Commissioner of the West Virginia Division of Tourism to supervise the state's activities and participate with other states and AMTRAK to improve the Cardinal Passenger Train.



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 0 0


Explanation of above estimates (including long-range effect):


The Division of Tourism can utilize existing resources to develop and implement the Cardinal Passenger Train improvements described in the legislation.



Memorandum


The proposed legislation would create a new fund ("Cardinal Passenger Train Enhancement Fund"). Revenues for this fund as described in the bill include, but are not limited to: interest and returns earned on the fund balance; gifts, grants, and donations; and appropriations by the Legislature. At this time it is not possible to estimate a total amount of revenues from these activities.



    Person submitting Fiscal Note: Anthony Woods
    Email Address: anthony.m.woods@wv.gov