FISCAL NOTE
Date Requested: January 10, 2020 Time Requested: 01:11 PM |
Agency: |
Environmental Protection, Department of |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
1571 |
Introduced |
SB265 |
|
CBD Subject: |
Environment |
---|
|
FUND(S):
Reclamation of Abandoned and Dilapidated Properties Fund
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Creates New Program, Creates New Fund: Reclamation of Abandoned and Dilapidated Properties Fund
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.
This legislation creates the Reclamation of Abandoned and Dilapidated Properties Program (RADP). A new Fund for the program is also created to be primarily funded by the Landfill Closure Cost Assistance Fund (LCAP). However, funding cannot be transferred from the LCAP Fund to the new RADP Fund until all landfills currently in the LCAP program are closed and the LCAP Fund has accumulated two times the amount of funding needed to continue operating and maintenance costs of those landfills. These stipulations make it difficult to determine how much funding would be available for the RADP Program or when that funding would be available from the LCAP Fund. SB265 allows for other contributions as a funding source, however no other funding sources have been positively identified at this time.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2020 Increase/Decrease (use"-") |
2021 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.
No estimates of revenues or expenses can be determined at this time.
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.
None
Person submitting Fiscal Note: Gary Rogers
Email Address: gary.w.rogers@wv.gov