FISCAL NOTE
Date Requested: February 13, 2025
Time Requested: 04:31 PM |
| Agency: |
Governor's Office, The |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2328 |
Introduced |
SB437 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
West Virginia Coal Marketing Program account
Sources of Revenue:
General Fund
Legislation creates:
Creates New Fund: West Virginia Coal Marketing Program account
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.
The bill would great a West Virginia Coal Marketing Program for the purpose of protecting and marketing West Virginia's coal markets and coal facilities. It also creates a related West Virginia Coal Market Program account administered by the Office of the Governor. The bill proposes appropriating $1 million from general revenue to the newly created West Virginia Coal Market Program account to utilize for projects with public benefit associated with expanding and protecting West Virginia's coal markets and coal facilities.
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 |
1,000,000 |
1,000,000 |
| 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.
The total cost of the bill is anticipated to be $1,000,000 which is the total amount the bill proposes to appropriate from general revenue to the West Virginia Coal Marketing Program.
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.
Person submitting Fiscal Note: Sean M. Whelan
Email Address: sean.m.whelan@wv.gov