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


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


Explanation of above estimates (including long-range effect):


    



Memorandum


     Person submitting Fiscal Note: Ed Magee
     Email Address: emagee@hepc.wvnet.edu