Date Requested:March 18, 2013
Time Requested:01:52 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2013R2804 Introduced SB560
CBD Subject: TRUST FUND ALLOCATIONS
FUND(S)
0589
Sources of Revenue
General Fund
Legislation creates:
A New Program

Fiscal Note Summary

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

    SB 560, if enacted, would increase the recipients of the West Virginia Research Trust Fund to include all state land grant institutions of higher education, to redistribute funds,to deposit $25 million into the fund from the General Revenue Fund under certain conditions, and to establish a deadline and consequences for failure to obtain matching funds and donations.

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 25,000,000 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 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