FISCAL NOTE
Date Requested: February 17, 2025
Time Requested: 01:35 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2329 |
Introduced |
SB465 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
State Funds and State Retirement Funds
Sources of Revenue:
Other Fund Impacts All Fund Types
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of proposed Senate Bill 465 is to provide a short title; provide definitions; clarify investment opportunities for the Board of Treasury Investments and the various State Retirement Funds and establish rules for implementation.
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):
We have reviewed the provisions of the proposed legislation and we are unable to identify any specific changes in either revenues or expenses which would be manifested by the adoption of the Bill. Specifically, the Bill does not establish any new or additional review requirements for the Securities Division of the State Auditor’s Office which are not already in place currently. Nor, does the Bill create any additional revenues, other than the fee charges which are currently in law.
Memorandum
We have no additional comments regarding this proposed legislation.
Person submitting Fiscal Note: Michael E. Sizemore, CPA
Email Address: Mike.Sizemore@wvsao.gov