FUND(S):

0210

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


    The primary purpose of this legislation is to expand the resident vendor preference to a corporate vendor that maintains its headquarters or principle place of business within West Virginia, accounting for more than 50 percent of its revenues. The vendor’s bid must not exceed the lowest qualified bid from a non-resident vendor by more than two and one-half percent of the latter bid. The vendor has to certify the residency requirements of this subsection and make a written claim for this preference at the time the bid is submitted.



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 0


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


    The preference would not financially affect state government.
    
    



Memorandum


    The resident vendor preference must be requested by the respective vendor when submitting a bid to the Purchasing Division.



    Person submitting Fiscal Note: Diane Holley
    Email Address: dholley@wvadmin.gov