FISCAL NOTE
Date Requested: February 28, 2025
Time Requested: 03:52 PM |
| Agency: |
Lottery Commission, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3227 |
Introduced |
HB3012 |
|
|---|
| CBD Subject: |
Legal Gaming |
|---|
|
FUND(S):
Statutory Transfer/Special Revenue Fund 7203
Sources of Revenue:
Special 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.
SB3012 will have no fiscal impact on the Lottery or State Government costs and/or revenues. SB3012 simply alters the method of allocation of racetrack video lottery excess terminal income distributed by the Lottery to municipalities and counties. Under this proposed legislation, funds currently being distributed to New Cumberland and Chester will be reallocated and distributed to Hancock County.
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.
N/A
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.
SB3012 will have no fiscal impact on the Lottery or State Government costs and/or revenues. SB3012 simply alters the method of allocation of racetrack video lottery excess terminal income distributed by the Lottery to municipalities and counties. Under this proposed legislation, funds currently being distributed to New Cumberland and Chester will be reallocated and distributed to Hancock County.
Person submitting Fiscal Note: June Somerville
Email Address: jsomerville@wvlottery.com