FISCAL NOTE
Date Requested: February 23, 2017 Time Requested: 01:07 PM |
Agency: |
Higher Education Policy Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
2443 |
Introduced |
HB2686 |
|
CBD Subject: |
Finance and Administration, Legislature, Taxation |
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|
FUND(S):
0344,0348
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.
House Bill 2686, if enacted would provide a mechanism for the independent evaluation of revenue estimates by West Virginia and Marshall Universities’ business colleges. The proposed bill requires the Legislative Auditor to forward copies of the estimates received under section eleven, article two, chapter eleven-b of this code to the presidents of West Virginia University and Marshall University for review by qualified personnel in the universities’ business schools. The bill requires the business schools to review the estimates and evaluate the accuracy of the estimates and provide written reports containing the results of their evaluations to their respective president. The bill then requires the presidents to forward copies of reports to the Legislative Auditor and to the Chairs of the Senate Committee on Finance and the House of Delegates Committee on Finance. If this legislation is enacted, the estimated cost will extend from $30,000 to $70,000 depending on the depth and breadth of the analysis required.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2017 Increase/Decrease (use"-") |
2018 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) |
1. Estmated Total Cost |
0 |
70,000 |
70,000 |
Personal Services |
0 |
70,000 |
70,000 |
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 estimates are based upon the following assumptions:
Director: $100 per hour
Research Professor/Research Associate: $80 per hour
Research Assistant: $20 per hour
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu