FISCAL NOTE

Date Requested: January 09, 2019
Time Requested: 04:16 PM
Agency: Lottery Commission, WV
CBD Number: Version: Bill Number: Resolution Number:
1647 Introduced HB2099
CBD Subject: Infrastructure


FUND(S):

Lottery

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. HB2099 will have no fiscal impact on costs or revenues. The bill proposes to strike language that required one-time redistribution of funds in fiscal years 2014, 2015 and 2016. The funding levels prior to 2014 referenced in 29-22-18d, the code section addressed by this bill, have already been restored.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2019
Increase/Decrease
(use"-")
2020
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. See summary above.



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. HB2099 deals only with the West Virginia Infrastructure Fund. The references to restoring or eliminating other funds that are set forth in the title and the Note are not addressed in the text of the bill.



    Person submitting Fiscal Note: Tracy L. Webb, General Counsel
    Email Address: twebb@wvlottery.com