FISCAL NOTE

Date Requested: January 09, 2019
Time Requested: 05:38 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
1033 Introduced SB59
CBD Subject: Education (Higher), Taxation
Date Requested: February 14, 2018
Time Requested: 01:58 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
2629 Introduced SB537
CBD Subject: Education (Higher), Taxation


FUND(S):

0589

Sources of Revenue:

General Fund

Legislation creates:

Creates New Revenue, Creates New Expense



Fiscal Note Summary


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


    Senate Bill 59, if enacted, would implement the Business PROMISE + Scholarship program. The program would permit employers in the state to fund premium scholarship awards for certain PROMISE-eligible applicants. The Business PROMISE+ Scholarship would be awarded to PROMISE-eligible students in lieu of the PROMISE Scholarship. It is the intent of the legislation to fund the program from donations by West Virginia Businesses.
    
    The enactment of this legislation would not require additional appropriations because West Virginia Businesses are expected to pay the costs of the program.
    



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