FISCAL NOTE

Date Requested: February 16, 2018
Time Requested: 02:00 PM
Agency: Medicine, WV Board of
CBD Number: Version: Bill Number: Resolution Number:
2657 Introduced SB576
CBD Subject: Boards and Commissions


FUND(S):

Board of Medicine 9070

Sources of Revenue:

Special Fund 9070

Legislation creates:





Fiscal Note Summary


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


    
    In relation to the Patient Injury Compensation Fund (PICF)and pursuant to ยง29-12D-1a, the West Virginia Board of Medicine assesses physicians licensed by the Board, or seeking license a $125.00 fee as part of the renewal or initial licensing process. This fee is an online payment that is received by the West Virginia State Treasure's Office. For each transaction the Treasure's Office charges a 2.25% fee for processing the on-line credit card payment, which is paid by The Board of Medicine. On a quarterly basis the Board of Medicine submits an invoice to the Board of Risk and Insurance Management and is reimbursed for this processing fee.
    
    Extending the PICF assessment has a negligible financial impact on the Board's budget.



Fiscal Note Detail


Effect of Proposal Fiscal Year
2018
Increase/Decrease
(use"-")
2019
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):


    There is an unremarkable and negligible fiscal impact on the Board.



Memorandum


    



    Person submitting Fiscal Note: Mark A. Spangler
    Email Address: mark.a.spangler@wv.gov