|Date Requested:January 13, 2014
Time Requested:10:20 AM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Program
Effect this measure will have on costs and revenues of state government.
| The purpose of Senate Bill 308 is to create the Shale Research, Education, Policy and Economic Development Center at West Virginia University. It is estimated that the cost of this program will be $250,000 per year over a four year period for a total cost of
$1 million. The estimated annual cost for faculty and staff is $200,000 per year. Additional annual costs for current expenses are expected to be $50,000. No State appropriations are needed for this program. West Virginia University will fund the program from its resources.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||0|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):