FISCAL NOTE
Date Requested: March 11, 2025
Time Requested: 08:13 PM |
| Agency: |
Economic Development Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3623 |
Introduced |
SB735 |
|
|---|
| CBD Subject: |
Economic Development |
|---|
|
FUND(S):
Unknown
Sources of Revenue:
Other Fund
Legislation creates:
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.
I do not see this measure having any significant impact on the costs and revenues of state government. It appears to put in place a mechanism for the formation of county, municipality, and other like-kind governmental units to form boards to regulate, create, install, and operate broadband systems outside of state government action or responsbility.
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 impact is expected to occur that would result in additional costs or revenues for the West Virginia Economic Development Authority.
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.
This bill would not have a fiscal impact on the West Virginia Economic Development Authority because it does not require this authority to perform any duties or provide any services for the bill to function as written.
Person submitting Fiscal Note: J. Steven Webb
Email Address: Steven.J.Webb@wv.gov