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