FISCAL NOTE
FUND(S):
0175
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.
Senate Bills 605 and 62 if enacted would create and fund the establishment of a facility that studies and creates solutions to maintain, improve, and protect water quality and quantity in West Virginia. The bill also provides one-time funding from the Legislature for the facility which is to be known as the "West Virginia Water Sustainability Institute" and located at the West Virginia Regional Technology Park. Funding would be provided from the Legislature’s Traffic Fund 0175. It is estimated that the startup costs associated with the West Virginia Water Sustainability Institute will be approximately $2 million.
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 |
0 |
2,000,000 |
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 |
Explanation of above estimates (including long-range effect):
Startup Expenses:
Leasehold improvements $39,000
Capital equipment: $966,000
Location/administration expenses $826,000
Public Outreach $19,000
Contractual Services $150,000
Total Startup Expenses $2,000,000
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: emagee@hepc.wvnet.edu