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


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


Explanation of above estimates (including long-range effect):


    



Memorandum


    



    Person submitting Fiscal Note: Ed Magee
    Email Address: emagee@hepc.wvnet.edu