FISCAL NOTE
Date Requested: February 12, 2019 Time Requested: 12:53 PM |
Agency: |
Higher Education Policy Commission |
CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
3271 |
Introduced |
HB3020 |
|
CBD Subject: |
Education (Higher) |
---|
|
FUND(S):
0589
Sources of Revenue:
General Fund
Legislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 3020, if enacted, would allow the Higher Education Policy Commission, the Council for Community and Technical College Education and institutional governing boards to enter into sole-source contracts for goods and services with nonprofit corporations affiliated with the respective education institutions.
The enactment of this bill would not result in an additional need for appropriations. The nonprofit corporation’s sole source designation could increase costs because the available information regarding the competitiveness of its offers would be reduced. Financial controls could also be weakened by a potential reduction in oversight by the Auditor’s Office and the Attorney General’s Office. It would also be possible for the institutions to procure a large portion of its materials, goods, equipment, services, printing, facilities, or financial services from the nonprofit corporations on a sole-source basis.
Fiscal Note Detail
Effect of Proposal |
Fiscal Year |
2019 Increase/Decrease (use"-") |
2020 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):
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu