FISCAL NOTE
FUND(S):
0589
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
SB246, if enacted, would add Salem University as an eligible institution. An eligible institution that changed its status from a private, not-for-profit institution would not be become ineligible. It is estimated that 15 additional students may receive the Promise Scholarship as a result of this change. The total annual cost associated with this bill is approximately $71,000.
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 |
71,000 |
71,000 |
Personal Services |
0 |
0 |
0 |
Current Expenses |
0 |
0 |
0 |
Repairs and Alterations |
0 |
0 |
0 |
Assets |
0 |
0 |
0 |
Other |
0 |
71,000 |
71,000 |
2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
Memorandum
The annual Promise Scholarship award for Fiscal Year 2012 will be $4,750. The cost for 15 students would be $71,000.
Person submitting Fiscal Note: Ed
Email Address: emagee@hepc.wvnet.edu