FUND(S):

2240

Sources of Revenue:

Other Fund State Building Commission

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    This bill would allow the Department of Administration to sale real estate located in Buffalo Creek, Logan County, West Virginia. This property has been vacant for some time and is of no use to the State of West Virginia due to it’s location. The Department of Administration is concerned with liability issues if the property is kept and wishes to sell the property.
    



Fiscal Note Detail


Effect of Proposal Fiscal Year
2005
Increase/Decrease
(use"-")
2006
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
1. Estmated Total Cost 0 0 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 0 100,000


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


    The exact revenue that will be generated with the sale of the property is unknown as the property has not yet been appraised. However, we anticipate that the property would be worth approximately $100,000.00. The costs associated with the actual sale are also unknown but should be minimal.
    



Memorandum


    



    Person submitting Fiscal Note: Donna Lipscomb, Executive Coordinator
    Email Address: dlipscomb@wvadmin.gov