FUND(S):

General Revenue Fund, County Severance Revenue Fund

Sources of Revenue:

General Fund,Other Fund see above

Legislation creates:

A New Fund



Fiscal Note Summary


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


    This bill was introduced in 2011 and has been reintroduced for the 2012 Legislative Session. However, the bill, as written, contains an internal effective date that was not updated for the current year. The unchanged internal effective date would result in a retroactive change in the law. Retroactivity would produce significant fiscal impact and an administrative burden much greater than that associated with a prospective change. Given that the legislation was introduced in 2011 was prospective, we do not believe retroactivity and the resulting increased fiscal impact and administration burden are intended. Therefore, we are returning the bill without further analysis.
    



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 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):


    This bill was introduced in 2011 and has been reintroduced for the 2012 Legislative Session. However, the bill, as written, contains an internal effective date that was not updated for the current year. The unchanged internal effective date would result in a retroactive change in the law. Retroactivity would produce significant fiscal impact and an administrative burden much greater than that associated with a prospective change. Given that the legislation was introduced in 2011 was prospective, we do not believe retroactivity and the resulting increased fiscal impact and administration burden are intended. Therefore, we are returning the bill without further analysis.
    



Memorandum


    



    Person submitting Fiscal Note: Mark Muchow
    Email Address: kerri.r.petry@wv.gov