FISCAL NOTE
Date Requested: February 02, 2024
Time Requested: 03:02 PM |
| Agency: |
Community & Technical College System, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3518 |
Introduced |
HB5435 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
General
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense, Creates New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to establish an apprenticeship to associate of applied science degree program within the Council for Community and Technical College Education. Once created, eligible students could earn up to 15 credit hours toward their associate of applied science degree. The cost of tuition and academic fees incurred by the eligible students will be paid to the public community and technical colleges offering the eligible courses. It is estimated that the cost to administer the program is approximately $90,000 and the cost of tuition and fees is approximately $950,000. Therefore, the total annual cost is approximately $1,034,000.
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 |
1,033,650 |
1,033,650 |
| Personal Services |
0 |
90,000 |
90,000 |
| Current Expenses |
0 |
943,650 |
943,650 |
| 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):
Costs are based on current community and technical college tuition and fees on a per credit hour basis, potential number of participants in the program and estimated credit hours per year taken by eligible students. It is also estimated that one new FTE would be required to administer the program.
Memorandum
Person submitting Fiscal Note: Misty Price
Email Address: misty.price@wvhepc.edu