Date Requested:February 14, 2005
Time Requested:03:22 PM
Agency: Administation
CBD Number: Version: Bill Number: Resolution Number:
2005r721 intro sb166
CBD Subject: buffalo creek, logan county
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
Over-all effect
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
3. 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