FISCAL NOTE
Date Requested: February 12, 2015
Time Requested: 12:44 PM |
| Agency: |
Agriculture |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2846 |
Introduced |
HB2714 |
|
|---|
| CBD Subject: |
Agriculture |
|---|
|
FUND(S):
1412
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The amended language to WV Code 19-12A-6a contained HB2714 will not result in any additional costs to the State. The language relates to amounts which could potentially be deposited into the State's General Revenue Fund; however, the impact on the State's revenues cannot be estimated based upon the factors noted below.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
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):
Should the balance of Fund 1412 (Farm Operating Fund) exceed the threshold established in WV Code 19-12A-6a, a portion of funds collected thereafter can be remitted to the State's General Revenue Fund. The amount (if any) to be deposited into General Revenue cannot be reasonably estimated, as the Farm Operating Fund balance is dependent on the revenue and expenses generated by farms owned by the Department of Agriculture.
Memorandum
Person submitting Fiscal Note: Alan Clemans, on behalf of Sandra Gillispe, CFO
Email Address: aclemans@wvda.us