FUND(S):

0589

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    SB246, if enacted, would add Salem University as an eligible institution. An eligible institution that changed its status from a private, not-for-profit institution would not be become ineligible. It is estimated that 15 additional students may receive the Promise Scholarship as a result of this change. The total annual cost associated with this bill is approximately $71,000.



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 71,000 71,000
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 71,000 71,000
2. Estimated Total Revenues 0 0 0


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


    



Memorandum


    The annual Promise Scholarship award for Fiscal Year 2012 will be $4,750. The cost for 15 students would be $71,000. Person submitting Fiscal Note: Ed
     Email Address: emagee@hepc.wvnet.edu