FUND(S):

0256

Sources of Revenue:

Other Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The purpose of this legislation is to revise the County Economic Opportunity Development District Act to include as allowable project costs up to 25% of the costs of remediation of landfills,former coal min sites, solid waste facilities or hazardous waste sites.We are unable to assess the impact of this legislation on current agency operations because we have not received any applications to date to create any of these Districts under the current Act.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
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):


    Although we did not submit any estimated costs for this legislation to the Development Office, if a number of applications to create these Districts were submiited to this office, we might need an additional staff person to handle the work . The estimated cost of this person ,including support costs, would be $100,000.



Memorandum


    For the reasons stated above , we are unable to estimate the cost of this legialation to the Development Office.



    Person submitting Fiscal Note: Carl D Smith
    Email Address: carl.d.smith@wv.gov