FISCAL NOTE
Date Requested: March 17, 2017
Time Requested: 04:31 PM |
| Agency: |
Auditor, State of WV |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2927 |
Introduced |
HB2851 |
|
|---|
| CBD Subject: |
Claims |
|---|
|
FUND(S):
1225 Securities Regulation
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.
An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.
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 |
0 |
5,601,000 |
24,278,000 |
Explanation of above estimates (including long-range effect):
An estimated 30% increase in revenues from all fee sources. The increase is conservatively estimated to be $5,600,000.00. The new Gross Revenue is estimated to be $24,278,000.00.
Memorandum
Person submitting Fiscal Note: Charles Perdue
Email Address: charles.perdue@wvsao.gov