Date Requested:January 20, 2012
Time Requested:12:56 PM
Agency: State Police, West Virginia
CBD Number: Version: Bill Number: Resolution Number:
2012R1274 Introduced SB359
CBD Subject: SELLER OF PRECIOUS METALS AND GEMS
FUND(S)
Sources of Revenue
Other Fund SEE MEMO
Legislation creates:
A New Program

Fiscal Note Summary

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

    See "Memorandum" section

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 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):
    


Memorandum
Person submitting Fiscal Note:
Ron Twohig, Comptroller
Email Address:
rtwohig@wvsp.state.wv.us
    We are unable to submit a fiscal note for the following reassons:
    
    (1)There is no agency to register or categorize who is required to maintain a registry as a precious metal dealer;
    
    (2)There is no specific detail of how the information required in the permanent book is to be electronically transmitted to the WVSP or the type of information.
    
    (3) The WVSP has no mechanism where all law enforcement agencies in
    the country would have secure access to a database of this information.