FISCAL NOTE
FUND(S):
8624
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
This bill will increase the revenues collected by the PSC's Gas Pipeline fund by a maximum of $85,000 by increasing the special license fees that gas pipeline companies pay from a maximum of $315,000 to a maximum of $400,000 per annum.
This bill has no impact on costs for the Public Service Commission (PSC). However; if the PSC receives the revenue increase requested in this bill, we will increase our expenditures (costs) through hiring of a gas pipeline safety inspector provided the Gas Pipeline fund’s budgeted spending authority is increased and approved in the budget bill.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2013 Increase/Decrease (use"-") |
2014 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 |
70,164 |
85,000 |
Explanation of above estimates (including long-range effect):
Fiscal Year 2013: This bill has no impact on fiscal 2013 revenues.
Fiscal Year 2014: This bill will increase the revenues collected by the Gas Pipeline fund of the PSC by $70,164 in fiscal year 2014.
• Currently the PSC is allowed to collect a maximum of $315,000 per annum in special license fees from gas pipeline companies. This bill increases that maximum to $400,000.
• The Gas Pipeline’s fund’s “appropriated special revenue” budget for fiscal year 2014 is expected to be approved at $385,164.
• Therefore to fund the fiscal year 2014 budget the amount of the special license fees to be paid by gas pipeline companies will increase by $70,164 ($385,164 minus $315,000).
Fiscal Year (Upon Full Implementation): This bill will increase the revenues collected by the Gas Pipeline fund of the PSC by $85,000 upon full implementation.
• The PSC will only collect the amount needed to fund its Gas Pipeline fund’s budget not to exceed $400,000 per annum.
• Therefore the maximum additional revenue this bill allows is $85,000. (New maximum of $400,000 minus current maximum of $315,000).
Memorandum
None identified.
Person submitting Fiscal Note: David M. Kovarik
Email Address: fiscalnote@psc.state.wv.us