FISCAL NOTE
FUND(S):
WV Sesquicentennial Commission Fund
Sources of Revenue:
Other Fund non-appropriated special
Legislation creates:
A New Program,A New Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The WV Sesquicentennial Commission would be eligible for all gifts, grants, donations, bequests, and any other funds from any source to commence its work. There are no specific sources of revenue mentioned in the bill, however should the commission be funded, the legislation requires the State Treasurer to make expenditures and disbursements from the fund upon written request of the chairperson of the commission.
It appears the bill selects the state treasurer's office to be the fiscal agent for the commission and as such, the state treasurer's office would act in that capacity until the commission sunsets in 2014. The state treasurer's office would act in this capacity without charge to the sesquicentennial commission during its life.
Without specific funding information, the state treasurer's office cannot project how this measure will impact the costs and revenues of state government.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2009
Increase/Decrease
(use"-") |
2010
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):
Estimates are not given as the state treasurer's office has no way of knowing how funds will be raised, granted, or allocated to the commission. Therefore, estimating revenues and expenditures is impossible.
Memorandum
See comments in the fiscal note summary and the explanation of estimates section that address these areas.
Person submitting Fiscal Note: Blair Taylor
Email Address: blair.taylor@wvsto.com