Date Requested:February 16, 2012
Time Requested:03:41 PM
Agency: Development Office
CBD Number: Version: Bill Number: Resolution Number:
2012R1039 Introduced SB8
CBD Subject: CREATIVE COMMUNITIES DEVELOPMENT PILOT PROGRAM
FUND(S)
Sources of Revenue
Special Fund
Legislation creates:
A New Program,A New Fund

Fiscal Note Summary

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.

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 0 175,000 175,000
Personal Services 0 135,000 135,000
Current Expenses 0 40,000 40,000
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):
    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.


Memorandum
Person submitting Fiscal Note:
Carl D Smith
Email Address:
carl.d.smith@wv.gov
    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.