Date Requested:February 14, 2011
Time Requested:11:05 AM
Agency: Development Office
CBD Number: Version: Bill Number: Resolution Number:
2011R2569 Introduced SB465
CBD Subject: MARCELLUS GAS AND MANUFACTURING DEVELOPMENT ACT
FUND(S)
0256
Sources of Revenue
General Fund
Legislation creates:
A New Program

Fiscal Note Summary

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

    The purpose of this bill is to enact the Marcellus Gas and Manufacturing Development Act which encourages and facilitates the development of oil and gas wells and the downstream uses of natural gas in the state and economic development in the state associated with production and various downstream uses. Although this legislation contains several incentives designed to attract energy related industries as well as promote the use of alternative fuel supplies, it does not specific effects on the operational costs of the Development Office or the Division of Energy.

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):
    The legislation as written does not have any effect on the cost of operations or the revenues of the Development Office or the Division of Energy.


Memorandum
Person submitting Fiscal Note:
Carl D Smith
Email Address:
carl.d.smith@wv.gov
    None