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 legislation is to require a jobs impact statement be completed by the Development Office on certain proposed legislation which may cause an impact on the State's economy. These impact statements may be requested by the Governor or the leader of either House of the Legislature.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 262,000 262,000
Personal Services 0 162,000 162,000
Current Expenses 0 100,000 100,000
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):


    The above cost estimate is based on the costs of adding two additional staff for our Research Unit to prepare these impact statements. The other costs are for research materials to support this staff as well as to employ outside attorneys and other consultants necessary to properly complete these statements.



Memorandum


    It is difficult to put an estimated cost on this legislation because we don't know how many bills a year would require an impact statement. Person submitting Fiscal Note: Carl D Smith
     Email Address: carl.d.smith@wv.gov