FISCAL NOTE
Date Requested: February 27, 2017
Time Requested: 04:07 PM |
| Agency: |
Budget Office, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2025 |
Introduced |
HB2489 |
|
|---|
| CBD Subject: |
Finance and Administration |
|---|
|
FUND(S):
General, Lotteries, Special
Sources of Revenue:
General Fund,Special Fund,Other Fund Reg Lottery, Exc Lottery
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
HB2489 would cause the transfer of 50% of the unencumbered balance of each reappropriated revenue account to the General Fund within 30 days of the effective date of the bill.
As of 2/28/17, 50% of the unencumbered balances of reappropriated accounts are as follows:
General Fund $76,393,835
Lottery Funds 18,281,282
Special Funds 3,151,710
TOTAL $97,826,827
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2017
Increase/Decrease
(use"-") |
2018
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 |
97,826,827 |
0 |
0 |
Explanation of above estimates (including long-range effect):
HB2489 would cause the transfer of 50% of the unencumbered balance of each reappropriated revenue account to the General Fund within 30 days of the effective date of the bill.
As of 2/28/17, 50% of the unencumbered balances of reappropriated accounts are as follows:
General Fund $76,393,835
Lottery Funds 18,281,282
Special Funds 3,151,710
TOTAL $97,826,827
Memorandum
The effective date of this bill is currently unknown, and reappropriated balances change daily, therefore, the balances shown in this fiscal note will not be the actual balances that would be available to be transferred.
Person submitting Fiscal Note: Mike McKown
Email Address: mike.p.mckown@wv.gov