FISCAL NOTE
FUND(S):
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill would transfer $13,503,812 (current value) of timber resources from the WVDOF to the WVDNR. The WVDOF would lose an estimated $104,000 of income generated annually from timber sales. This amount will vary with stumpage prices and most likely will be $208,000 every other year. The WVDOF would lose time management, planning,investment and income of applied Forestry since 1936.
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 |
54,000 |
-54,000 |
0 |
| Personal Services |
27,000 |
27,000 |
0 |
| Current Expenses |
27,000 |
27,000 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
13,503,812 |
-13,503,812 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
50,000 |
-50,000 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
3081 - Forestry
Person submitting Fiscal Note: Gregory W. Cook
Email Address: greg.w.cook@wv.gov