Date Requested:February 28, 2012
Time Requested:01:09 PM
Agency: Corrections
CBD Number: Version: Bill Number: Resolution Number:
Introduced SB156
CBD Subject: EXCESS FUNDS TO OFFSET OPERATIONAL COSTS
FUND(S)
Sources of Revenue
Special Fund
Legislation creates:
A New Fund

Fiscal Note Summary

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

    WV Correctional Industries is a special revenue fund, completely self-sufficient, receiving no appropriated funds. The fiscal impact will not be detrimental to the operations of WV Correctional Industries. WV Correctional Industries must maintain a cash balance of approximately $2 million for daily and routine operations. WV Division of Corrections will offset operational costs with the excess funds from WV Correctional Industries. It is projected that $200,000 will be available for transfer from WV Correctional Industries to WV Division of Corrections this fiscal year.

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:
Loita Butcher
Email Address:
loita.c.butcher@wv.gov