FISCAL NOTE
Date Requested: February 21, 2025
Time Requested: 01:16 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1473 |
Introduced |
HB2720 |
|
|---|
| CBD Subject: |
Economic Development; Education (Higher); Natural Resources |
|---|
|
FUND(S):
Unknown
Sources of Revenue:
Other Fund Unknown
Legislation creates:
Increases Existing Expenses
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 is not directed to the West Virginia Economic Development Authority (WVEDA) as it is a separate entity from the West Virginia Department of Economic Development (formerly the West Virginia Development Office).
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.
No affect on the WVEDA.
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.
There is no technical defect identified within this bill other than it addresses responsibilities that are assigned to the West Virginia Department of Economic Development (formerly the West Virginia Development Office), and may have been sent in error to our separate entity, the West Virginia Economic Development Authority (WVEDA). However, the stands ready to assist the WVDED in any manner it can to improve the economy in the region represented in the Southern Coalfield Resiliency and Revitalization Program.
Person submitting Fiscal Note: J. Steven Webb
Email Address: Steven.J.Webb@wv.gov