Date Requested:February 14, 2005
Time Requested:03:24 PM
Agency: Puchasing Division
CBD Number: Version: Bill Number: Resolution Number:
2005r896 intro hb2287
CBD Subject: vendors preference expansion
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
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 0
3. Explanation of above estimates (including long-range effect):
    The preference would not financially affect state government.
    
    


Memorandum
Person submitting Fiscal Note:
Diane Holley
Email Address:
dholley@wvadmin.gov
    The resident vendor preference must be requested by the respective vendor when submitting a bid to the Purchasing Division.