Date Requested: February 12, 2015
Time Requested: 12:44 PM
Agency: Agriculture
CBD Number: Version: Bill Number: Resolution Number:
2846 Introduced HB2714
CBD Subject: Agriculture


FUND(S):

1412

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.


    The amended language to WV Code 19-12A-6a contained HB2714 will not result in any additional costs to the State. The language relates to amounts which could potentially be deposited into the State's General Revenue Fund; however, the impact on the State's revenues cannot be estimated based upon the factors noted below.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2015
Increase/Decrease
(use"-")
2016
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):


    Should the balance of Fund 1412 (Farm Operating Fund) exceed the threshold established in WV Code 19-12A-6a, a portion of funds collected thereafter can be remitted to the State's General Revenue Fund. The amount (if any) to be deposited into General Revenue cannot be reasonably estimated, as the Farm Operating Fund balance is dependent on the revenue and expenses generated by farms owned by the Department of Agriculture.



Memorandum


    



    Person submitting Fiscal Note: Alan Clemans, on behalf of Sandra Gillispe, CFO
    Email Address: aclemans@wvda.us