FISCAL NOTE

Date Requested: February 21, 2017
Time Requested: 02:40 PM
Agency: Real Estate Commission, WV
CBD Number: Version: Bill Number: Resolution Number:
1025 Introduced SB369
CBD Subject: Real and Personal Property


FUND(S):



Sources of Revenue:

Other Fund NA

Legislation creates:

Neither Program nor Fund



Fiscal Note Summary


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


The WV Real Estate Commission is not in a position to provide any fiscal information on the attached bill, which authorizes surface owners to purchase mineral interests below their property that are subject to tax liens.



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 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):






Memorandum


The WV Real Estate Commission is not in a position to provide any fiscal information on the attached bill, which authorizes surface owners to purchase mineral interests below their property that are subject to tax liens.



    Person submitting Fiscal Note: Jerry A. Forren
    Email Address: jerry.a.forren@wv.gov