Date Requested:January 24, 2011
Time Requested:05:09 PM
Agency: Development Office
CBD Number: Version: Bill Number: Resolution Number:
2011R2171 Introduced HB2762
CBD Subject: CO. ECONOMIC OPPORTUNITY DEVLOPMENT DISTRICT ACT
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 cost of remediation of landfills,former coal mine 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
Over-all effect
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
3. 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 submitted 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
Person submitting Fiscal Note:
Carl D Smith
Email Address:
carl.d.smith@wv.gov
    For the reasons stated above, we are unable to estimate the cost of this legislation to the Development Office.