FISCAL NOTE



FUND(S):

New Account-Processing Fees and Collections Account

Sources of Revenue:

Special Fund

Legislation creates:

A New Fund



Fiscal Note Summary


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


It is estimated that we will process approximately 140000 transactions which would include registrations, licenses, certificates, etc. The revenue will provide security for all applications, servers, computers, etc. in the Secretary of State's Office so information cannot be compromised. Also, this will allow us to provide more on-line services to the citizens of West Virginia making us competitive with surrounding states. Costs to our office would be minimal.



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 0 700,000 700,000


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


This would result in approximately $700000 in revenue to be used specifically for technology projects of the Office of the Secretary of State: 140000 transactions x $5(processing fee)= $700000.



Memorandum






    Person submitting Fiscal Note: Marie Lamont
    Email Address: mlamont@wvsos.com