FISCAL NOTE
Date Requested: February 19, 2024
Time Requested: 09:33 AM |
| Agency: |
Forestry, WV Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3459 |
Introduced |
SB618 |
|
|---|
| CBD Subject: |
Agriculture |
|---|
|
FUND(S):
General Administration Fund
Sources of Revenue:
General Fund
Legislation creates:
Creates New Expense
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.
$3,500,000 to build the web based exchange and $500,000 per year to contract support
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 |
3,500,000 |
500,000 |
| 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.
$3,500,000 to build a web based exchange portal and $500,000 per year to contract for operation support
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.
The funds generated from this legislation would supplement the cots for the Division of Forestry to hire 1 FTE (or partial FTE) for the administration and operation of the program.
Person submitting Fiscal Note: Jeremy C. Jones
Email Address: jeremy.c.jones@wv.gov