FISCAL NOTE

Date Requested: January 21, 2019
Time Requested: 01:45 PM
Agency: Environmental Protection, Department of
CBD Number: Version: Bill Number: Resolution Number:
1777 Introduced SB384
CBD Subject: Real and Personal Property


FUND(S):

SPECIAL REVENUE

Sources of Revenue:

Special Fund

Legislation creates:

Creates New Revenue



Fiscal Note Summary


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


This proposed legislation should increase revenue in the Oil and Gas Reclamation fund (3322). From the information provided, it cannot be determined if the DEP would incur any expenses related to this transfer.



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):


Due to a lack of history of unclaimed funds and due to the unknown nature of the process that would be implemented to make this transfer of funds, the DEP is unable to estimate the financial impact of this proposed legislation.



Memorandum


THIS BILL DOES NOT SPECIFY WHAT AGENCY WOULD COLLECT AND ACCOUNT FOR THESE FUNDS. IT ALSO DOES NOT SPECIFY WHAT AGENCY WOULD BE RESPONSIBLE FOR THE FUNDS TRANSFER.



    Person submitting Fiscal Note: JEAN SHEPPARD
    Email Address: JEAN.J.SHEPPARD@WV.GOV