|Date Requested:February 16, 2012
Time Requested:03:41 PM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program,A New Fund
Effect this measure will have on costs and revenues of state government.
|The purpose of this program is to esablish a Creative Communities Development Pilot Program. The purpose of this legislation is to create a matching grants program to help develop and enhance communities in West Virginia by developing planning strategies to make them more viable and be more able to compete for economic investment.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||175,000||175,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Since we are not sure how much the Legislature is going to appropriate to establish the Creative Communities Development Fund , it is difficult to estimate how much of these funds would have to be set aside for staff salaries and Board Member travel and per diem. The above estimate is based on the need to hire two additional staff to administer this program. Funds are also included in this estimate to cover the per diem and travel expenses of the three public Board Members to attend the bimonthly meetings required by this legislation.
|In our experience, it would be difficult for very many communities in the State to come up with the required dollar for dollar local match to obtain one of these grants.|