Date Requested:February 23, 2012
Time Requested:11:15 AM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2012R1845 Comm. Sub. SB522
CBD Subject: SHALE EDUCATION AT WVU
FUND(S)
Sources of Revenue
Special Fund 4187
Legislation creates:
A New Program

Fiscal Note Summary

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

    The purpose of Senate Bill 522 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 per year over a four year period for a total cost of $1 million. The estimated annual cost for faculty and staff is $200,000 per year. Additional annual costs for current expenses are expected to be $50,000. No state appropriations are needed for this program. West Virginia University will fund the program from its resources.

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:
Ed Magee
Email Address:
emagee@hepc.wvnet.edu