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