FISCAL NOTE

Date Requested: January 25, 2022 Time Requested: 03:57 PM

Agency: Higher Education Policy Commission CBD Number: Version: Bill Number: Resolution Number: 1316 Introduced HB4379 CBD Subject: Finance and Administration

FUND(S):

General

Sources of Revenue:

General Fund

Legislation creates:

Creates New Expense

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Fiscal Note Summary

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

House bill 4379, if enacted, would require all higher education institutions to use statewide contracts issued by the Purchasing Division when cost effective, to have a centralized location for contracts for goods and services frequently purchased. Any costs associated with this legislation would not be sufficient to require additional state appropriations.

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Fiscal Note Detail

Effect of Proposal	Fiscal Year
	2022 Increase/Decrease (use"-")	2023 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):

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Memorandum

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