FISCAL NOTE

Date Requested: January 15, 2024
Time Requested: 04:47 PM
Agency: Puchasing Division
CBD Number: Version: Bill Number: Resolution Number:
1053 Introduced HB4717
CBD Subject: Finance and Administration


FUND(S):

Vendor Registration Fund

Sources of Revenue:

Special Fund

Legislation creates:

Decreases Existing Revenue



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


This bill proposes to remove the authority of the director of the Purchasing Division to establish an annual fee required by vendors doing business with the state. Currently, that fee is set at $125. During Fiscal Year 2023, a total of 3,345 registrations were paid for by vendors, generating a total of $418,125.00 for the Purchasing Division through this special fund. It is important to note that this special fund is used to pay for salaries, rent and other vendor registration costs. For the wvOASIS system to function, vendor registration must continue to be performed. Removing this fee creates an unfunded mandate.



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 -418,125 0


Explanation of above estimates (including long-range effect):


The amount shown above shows the approximate loss in revenue that would result from the passage of this bill.



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.



    Person submitting Fiscal Note: Samantha Knapp
    Email Address: Samantha.S.Knapp@wv.gov