Date Requested:February 13, 2012
Time Requested:03:22 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2012R2100 Introduced HB4511
CBD Subject: SHALE EDUCATION AT WVU
FUND(S)
0586
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 House Bill 4511 is to create the Shale Research, Education, Policy and Economic Development Center at West Virginia University. It is estimated that the cost of this program will be $250,000 over a four year period for a total cost of $1 million. The estimated cost for faculty and staff is $200,000. Additional costs for current expenses are expected to be $50,000.

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 0 250,000 250,000
Personal Services 0 200,000 200,000
Current Expenses 0 50,000 50,000
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:
Ed Magee
Email Address:
emagee@hepc.wvnet.edu