FISCAL NOTE
FUND(S):
0256
Sources of Revenue:
Other Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this legislation is to expand the Municipal Economic Opportunity Act to include Class III and Class IV towns and villages, It also adds the remediation of former coal mine sites to the permissible development expenses. It also recommends that if a proposed project is larger enough that the Development Office consider requiring the Developer include housing in the District with 10% of the housing being affordable housing.We are unable to assess the impact of this legislation on the cost of current agency operations because we have not received any applications to date to create any of these Districts under the current Act.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2011
Increase/Decrease
(use"-") |
2012
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):
Although we did not submit any estimated costs for this legislation to the Development Office,if a number of applications to create these Districts were to be submitted to this office,we would need an additional person to handle the extra work.The estimated cost of this person,including support costs, would be $100,000.
Memorandum
The Development Office currently has limited expertise in the area of housing,so we would suggest that the legislation be changed to involve the WV Housing Development fund in any Districts that involve housing.Otherwise the Development Office would probably have to contract with the Fund to monitor the housing component of these projects.Also the portion of the bill making the District developer responsible for future infrastructure upgrades in the District could hamper infrastructure improvement projects in other areas of the municipality surrounding the District. in other words would the developer allow areas outside the District to be connected to District's water or sewer lines.
Person submitting Fiscal Note: Carl D Smith
Email Address: carl.d.smith@wv.gov