FISCAL NOTE
FUND(S):
0256
Sources of Revenue:
General Fund
Legislation creates:
A New Program
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The purpose of this bill is to enact the Marcellus Gas and Manufacturing Development Act which encourages and facilitates the development of oil and gas wells and the downstream uses of natural gas in the state and economic development in the state associated with production and various down stream uses. Although this legislation contains several incentives designed to attract energy related industries as well as promote the use of alternative fuel supplies ,it does not have any specific effects on the cost operations of the Development Office or the Division of Energy.
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):
The legislation as written does not any effect on the cost of operations or the revenues of the Development Office or Division of Energy.
Memorandum
None.
Person submitting Fiscal Note: Carl.D. Smith
Email Address: carl.d.smith@wv.gov