FISCAL NOTE

Date Requested: January 24, 2019
Time Requested: 09:24 AM
Agency: Labor, WV Division of
CBD Number: Version: Bill Number: Resolution Number:
1717 Introduced HB2203
CBD Subject: Labor, Professions and Occupations


FUND(S):

Contractor Licensing Board Fund

Sources of Revenue:

Special Fund

Legislation creates:

Decreases Existing Revenue



Fiscal Note Summary


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


If HB2203 passes it will result in an esitmated loss of special revenue in the amount of $1,578,420 beginning in FY2020. This estimate is derived from the number of current contractor licenses (17,538 X $90 license fee).



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 -1,578,420 -1,578,420
Personal Services 0 -1,311,667 -1,311,667
Current Expenses 0 -246,234 -246,234
Repairs and Alterations 0 -6,314 -6,314
Assets 0 0 0
Other 0 -14,205 -14,205
2. Estimated Total Revenues 0 0 0


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


See above.



Memorandum


See above.



    Person submitting Fiscal Note: Mitchell E. Woodrum, Commissioner
    Email Address: Mitchell.E.Woodrum@wv.gov