FUND(S):

New

Sources of Revenue:

Special Fund

Legislation creates:

A New Program,A New Fund



Fiscal Note Summary


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


    This Fiscal Note is for SB 417 ONLY. Other Bill(s) relative to Aboveground Storage Tanks have been introduced and Fiscal Notes for those will be submitted upon request.
    SB 417 creates a new program for regulation of certain Aboveground Storage Tanks. This legislation authorizes the collection of fees and calls for the development of a new regulatory program.
    Two (2) new Special Revenue funds are created by this bill.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2014
Increase/Decrease
(use"-")
2015
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 135,932 316,000 316,000
Personal Services 111,262 234,185 234,185
Current Expenses 24,670 81,815 81,815
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 100,000 371,000 371,000


Explanation of above estimates (including long-range effect):


    The bill creates a new program for Aboveground Storage Tank regulation in Zones of Critical Concern.
    All estimates are based on 100 facilities to be inspected once every 3 years and review of Source Water Protection Plans. Total estimated positions = 3.83 FTE.
    Actual number of regulated sites is currently UNKNOWN at this time so the 100 is an estimate. Estimated capitalization fee is based on 100 site assumption with estimated total revenue for 2014.
    Another bill (SB 373) contains more frequent inspections and would have different fiscal impacts.
    



Memorandum


    SB 373 would result in more significant costs and a larger program. Additional Fiscal Notes will be provided on this bill and/or any other as requested. Person submitting Fiscal Note: Melinda Campbell
     Email Address: Melinda.s.campbell@wv.gov