FISCAL NOTE
Date Requested: February 24, 2025
Time Requested: 02:40 PM |
| Agency: |
Treasurer's Office, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2759 |
Introduced |
HB2849 |
|
|---|
| CBD Subject: |
Retirement |
|---|
|
FUND(S):
New
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Program, Creates New Fund: Secure Choice Administrative Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The proposed legislation creates a new fund in the State Treasury and authorizes the Board of Treasury Investments to invest monies in the fund. The Treasurer's Office can meet those obligations without incurring any additional funding needs.
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):
Memorandum
Person submitting Fiscal Note: James Fuerhoff
Email Address: james.fuerhoff@wvsto.gov