FISCAL NOTE
Date Requested: January 11, 2024
Time Requested: 08:28 PM |
| Agency: |
Insurance Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1731 |
Introduced |
HB4275 |
|
|---|
| CBD Subject: |
Agriculture |
|---|
|
FUND(S):
7169, 7162
Sources of Revenue:
Special Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
If enacted, House Bill 4275 would eliminate the West Virginia Greyhound Breeding Development Fund and would redirect revenues from that Fund.
House Bill 4275 would have no fiscal impact on the WV Offices of the Insurance Commissioner.
Please see the memorandum section of this fiscal note for additional information.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2024
Increase/Decrease
(use"-") |
2025
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.
Memorandum
If enacted, House Bill 4275 would eliminate the West Virginia Greyhound Breeding Development Fund and would redirect revenues from that Fund.
House Bill 4275 would have no fiscal impact on the WV Offices of the Insurance Commissioner.
House Bill 4275 strikes through the language related to revenues from the video lottery that were dedicated to the Workers' Compensation Debt Reduction Fund. There have been no deposits to the WC Debt Reduction Fund since fiscal year 2018, so the elimination of the language provides necessary technical clean-up.
Person submitting Fiscal Note: Rhonda Hartwell
Email Address: rhonda.c.hartwell@wv.gov