Date Requested:February 18, 2013
Time Requested:02:30 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2013R1121 Introduced HB2163
CBD Subject: BUCKS FOR BRAINS ADDITIONAL FUNDING
FUND(S)
0586
Sources of Revenue
General Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

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

    House Bill 2163, if enacted would add $20 million to the West Virginia Trust Fund's Bucks for Brains initiative. These funds would be disbursed to West Virginia University and Marshall University to match funds raised by these universities from other sources. Additional costs in exess of the $20 million specified by the bill are not anticipated.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2013
Increase/Decrease
(use"-")
2014
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 20,000,000 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 20,000,000 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