FISCAL NOTE
Date Requested: February 12, 2024
Time Requested: 03:55 PM |
| Agency: |
School Building Authority, WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3896 |
Introduced |
HB5607 |
|
|---|
| CBD Subject: |
Education (K12) |
|---|
|
FUND(S):
Special Revenue
Sources of Revenue:
Special Fund
Legislation creates:
Creates New Revenue, Creates New Expense, Creates New Fund: Public Charter School Grant Fund
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.
This bill appears to create a new fund for appropriating grant funds for the purposes of public charter schools having the ability to apply for School Building Authority (SBA) funds. This would have minimal effect on the administrative costs of the agency as far as the need for personnel or time considering projects. The exact impact on costs for State Government would be unknown, as we are unable to determine how many public charter schools would be requesting this funding source. Since this would be a new fund, we would need this separate revenue source to be appropriated by the Legislature, so the revenue impact is also unknown at this time.
The SBA will provide separate grant funding in such amount as the legislature may appropriate for the benefit of the charter schools in this state.
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.
This bill appears to create a new fund for appropriating grant funds for the purposes of public charter schools having the ability to apply for School Building Authority (SBA) funds. This would have minimal effect on the administrative costs of the agency as far as the need for personnel or time considering projects. The exact impact on costs for State Government would be unknown, as we are unable to determine how many public charter schools would be requesting this funding source. Since this would be a new fund, we would need this separate revenue source to be appropriated by the Legislature, so the revenue impact is also unknown at this time.
The SBA will provide separate grant funding in such amount as the legislature may appropriate for the benefit of the charter schools in this state.
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.
Based upon the bill, in its current state, there is nothing that explains the source of the funding. To that effect, State Code would need to be updated to include a separate section (outside of the current code being affected) that creates the new funding source. An example would be placing this funding source within ยง18-5G (related to Public Charter schools) with a reference to the SBA as being the administrative agency for these funds. Then, the current section being modified would need to be referenced back to the section of code creating this fund.
The language within this section would also need to be updated to include language as in other subsections of this article to the effect of "the Authority may elect to disburse funds..." or "funds shall be transferred and expended..." This language would be necessary to allow for the Authority to award the funds.
The current language is also vague as to what the public charter schools are applying for as the language currently appears to limit to the "purchase of a building...and cost of the project." Should this include the ability for other types of projects (new construction, renovation, etc.).
Finally, the SBA would need to update our Policies and Procedures regarding the awarding of funding sources, along with our Legislative Rules, for the grants based upon this updated Code.
Person submitting Fiscal Note: Jordan Kirk
Email Address: Jordan.L.Kirk@wv.gov