FISCAL NOTE

Date Requested: January 09, 2019
Time Requested: 05:16 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
1079 Introduced HB2146
CBD Subject: Education (Higher)


FUND(S):

0589

Sources of Revenue:

General Fund

Legislation creates:

Creates New Expense



Fiscal Note Summary


Effect this measure will have on costs and revenues of state government.


    House Bill 2146, if enacted, would create a loan tuition forgiveness program to encourage students in selected and necessary fields to remain in the state. It would also create a “New College Families” loan forgiveness program as well as a loan forgiveness program for counties with low college attendance. Because the loan forgiveness programs are for funds paid through the institutions or their supporting foundations, no additional appropriations are requested.



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