FISCAL NOTE

Date Requested: February 12, 2025
Time Requested: 09:50 PM
Agency: Economic Development Authority, WV
CBD Number: Version: Bill Number: Resolution Number:
1058 Introduced SB208
CBD Subject:


FUND(S):

Mountain Homes Fund

Sources of Revenue:

General Fund

Legislation creates:

Creates New Expense, Creates New Program



Fiscal Note Summary


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


Summarize in a clear and concise manner what impact this measure will have on costs and revenues of state government. This bill does not apply to the West Virginia Economic Development Authority. It does apply to the West Virginia Department of Economic Development. Separate entities.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2025
Increase/Decrease
(use"-")
2026
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):


Please explain increases and decreases in personal services, current expenses, repairs and alterations, assets, other costs and revenues, including assumptions and data sources and delineation between start-up and ongoing costs. Please also include a long-range schedule of costs and revenues if fiscal impact is expected to vary in future years. This bill does not apply to the West Virginia Economic Development Authority. It applies to the West Virginia Department of Economic Development. Separate entities.



Memorandum


Please identify any areas of vagueness, technical defects, reasons a bill would not have a fiscal impact, and/or any special issues not captured elsewhere on this form. The bill does not apply to the West Virginia Economic Development Authority. It does apply to a separate entity, the West Virginia Department of Economic Development.



    Person submitting Fiscal Note: J. Steven Webb
    Email Address: Steven.J.Webb@wv.gov