FISCAL NOTE

Date Requested: June 13, 2019
Time Requested: 03:13 PM
Agency: Higher Education Policy Commission
CBD Number: Version: Bill Number: Resolution Number:
4065 Introduced HB136
CBD Subject: Education (K12)


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 136, if enacted, would authorize studies of issues effecting public school education including a study of student loan payments tax credits, a loan forgiveness program for teachers, and a study of class sizes. The estimated cost of the proposed studies would be approximately $25,000.



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 25,000 25,000
Personal Services 0 0 0
Current Expenses 0 25,000 25,000
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):


    It is estimated that approximately 300 hours would be required to complete the studies at a cost of $80 per hour. Expenses for travel and other related costs would be approximately $1,000.



Memorandum


    



    Person submitting Fiscal Note: Ed Magee
    Email Address: edward.magee@wvhepc.edu