Date Requested:January 09, 2014
Time Requested:02:05 PM
Agency: Development Office
CBD Number: Version: Bill Number: Resolution Number:
2014R1138 Introduced SB96
CBD Subject: REINTRO2013-122MATCHING GRANTS
FUND(S)
Sources of Revenue
Special Fund
Legislation creates:
A New Fund

Fiscal Note Summary

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

    The purpose of this legislation is to establish a Creative Communities Development Pilot Program within the Development Office.The purpose of this matching grant program is to help communities develolop planning strategies to make them more viable and be more able to compete for economic investment.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
2014
Increase/Decrease
(use"-")
2015
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 175,000 175,000
Personal Services 0 135,000 135,000
Current Expenses 0 40,000 40,000
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):
    Since we are not sure how much the Legislature is going to appropriate to establish the Creative Communities Development Fund , it is difficult to estimate how much of these funds will have to be set aside for administrative purposes. The above estimate is based on the need to hire two additional staff to administer the program. Funds are also included to pay the per diem and travel costs of the three public board members to attend the bi-monthly meetings required by this legislation.


Memorandum
Person submitting Fiscal Note:
Carl D Smith
Email Address:
carl.d.smith@wv.gov
    In our experince, it will be difficult for communities to come up with the required dollar for dollar match necessary to obtain one of these grants.