Date Requested:January 18, 2012
Time Requested:01:16 PM
Agency: Banking, Division of
CBD Number: Version: Bill Number: Resolution Number:
2012R1523 Introduced SB224
CBD Subject: THE DIVISION OF FINANCIAL INSTITUTIONS
FUND(S)
Sources of Revenue
Special Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

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

    This bill would have no impact on revenues of either the state or the Divivion.
    The bill would have a very small, one-time impact on the costs of the Division since the name change would require the purchase of new letterhead, business cards and stamps to replace those bearing the current name. Those costs are reflected in the current expense line below for the current Fiscal Year.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2012
Increase/Decrease
(use"-")
2013
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 2,425 0 0
Personal Services 0 0 0
Current Expenses 2,425 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 costs for the one-time increase in Current Expenses for FY 12 can be broken down as follows:
    Office Stamps: $386, Business Cards: $1,350, Envelopes: $95.45, and Letterhead: $594.
    
    There are no costs in future years because purchases would have been made to replace letterhead, envelopes and business cards as a matter of routine when supplies were exhausted.


Memorandum
Person submitting Fiscal Note:
blamont@wvdob.org
Email Address:
    None