FISCAL NOTE
Date Requested: February 24, 2015
Time Requested: 02:17 PM |
| Agency: |
Lottery Commission |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 3243 |
Introduced |
HB2954 |
|
|---|
| CBD Subject: |
Education (Higher) |
|---|
|
FUND(S):
Promise Scholarship Fund
Sources of Revenue:
Special Fund,Other Fund Lottery 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 direct approximately $2,927,463 to the Promise Scholarship Fund in FY16. There will no impact on lottery revenues or expenses.
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 |
2,927,463 |
2,927,463 |
Explanation of above estimates (including long-range effect):
The abovementioned revenues to the Promise Scholarship Fund are based on racetrack video lottery projected revenues, and thus future years will vary as the total revenues will reflect a percentage of actual revenue collected.
Memorandum
Person submitting Fiscal Note: Danielle Boyd
Email Address: dboyd@wvlottery.com