Individual State Agency Fiscal Note - 6656 SB, International markets
Summary
An Individual State Agency Fiscal Note for Bill Number 6656 SB, titled International markets, from the Department of Commerce. The estimates list total operating expenditures of 2,000,000 for FY 2021 and for 2019-21, and 4,000,000 for each of 2021-23 and 2023-25, all from the General Fund-State account. The narrative states that Section 1 adds a new section to chapter 43.330 RCW directing the Department of Commerce to engage with key international markets and to focus on three deliverables. It states that Section 2 adds an appropriation of two million dollars from the general fund to the department.
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“Individual State Agency Fiscal Note - 6656 SB, International markets.”
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, SHA-256 9d8a8b6a9095dc59ae6ba5924e2befe4b7b83881104777042c5b9fc7bce5e3e3.Full text
Individual State Agency Fiscal Note
Bill Number: 6656 SB Title: International markets Agency: 103-Department of
Commerce
Part I: Estimates
No Fiscal Impact
Estimated Cash Receipts to:
NONE
Estimated Operating Expenditures from:
FY 2020 FY 2021 2019-21 2021-23 2023-25
Account
General Fund-State 001-1 0 2,000,000 2,000,000 4,000,000 4,000,000
Total $ 0 2,000,000 2,000,000 4,000,000 4,000,000
Estimated Capital Budget Impact:
NONE
The cash receipts and expenditure estimates on this page represent the most likely fiscal impact. Factors impacting the precision of these estimates,
and alternate ranges (if appropriate), are explained in Part II.
Check applicable boxes and follow corresponding instructions:
If fiscal impact is greater than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete entire fiscal note
X
form Parts I-V.
If fiscal impact is less than $50,000 per fiscal year in the current biennium or in subsequent biennia, complete this page only (Part I).
Capital budget impact, complete Part IV.
Requires new rule making, complete Part V.
Legislative Contact: Clinton McCarthy Phone: 360-786-7319 Date: 01/31/2020
Agency Preparation: Karen McArthur Phone: 360-725-4027 Date: 02/03/2020
Agency Approval: Joyce Miller Phone: 360-725-2710 Date: 02/03/2020
OFM Review: Gwen Stamey Phone: (360) 902-9810 Date: 02/03/2020
Form FN (Rev 1/00) 158,068.00 Request # 144-700-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 6656 SB
Part II: Narrative Explanation
II. A - Brief Description Of What The Measure Does That Has Fiscal Impact
Briefly describe by section number, the significant provisions of the bill, and any related workload or policy assumptions, that have revenue or
expenditure impact on the responding agency.
Section 1 adds a new section to chapter 43.330 RCW directing the Department of Commerce to engage with key
international markets that include, but are not limited to, Japan, Taiwan, China, South Korea, United Kingdom,
France, Germany, Canada, Vietnam, India, United Arab Emirates and Mexico to increase trade and investment
opportunities for Washington companies and regions.
The department engagement with international markets would focus on the following three deliverables: (a)
Increased international business opportunities for Washington businesses, particularly small businesses in rural
communities; (b) Increased investment in Washington by multinational companies in communities statewide; and
(c) The maintenance and development of new partnerships with, but not limited to, international governments,
businesses and organizations, concentrating on innovative industries including, clean technology, aerospace,
agriculture, advanced manufacturing and life sciences.
Section 2 is a new section and adds an appropriation of two million dollars, from the general fund to the
department for the purposes of this act.
II. B - Cash receipts Impact
Briefly describe and quantify the cash receipts impact of the legislation on the responding agency, identifying the cash receipts provisions by section
number and when appropriate the detail of the revenue sources. Briefly describe the factual basis of the assumptions and the method by which the
cash receipts impact is derived. Explain how workload assumptions translate into estimates. Distinguish between one time and ongoing functions.
NONE
II. C - Expenditures
Briefly describe the agency expenditures necessary to implement this legislation (or savings resulting from this legislation), identifying by section
number the provisions of the legislation that result in the expenditures (or savings). Briefly describe the factual basis of the assumptions and the
method by which the expenditure impact is derived. Explain how workload assumptions translate into cost estimates. Distinguish between one time
and ongoing functions.
In order to have full-fledged representation by foreign contractors in key international markets, and based on
previous international contracts, the department would need a minimum of two million dollars per year. Typical
per country consultant contracts range from $75,000 per year to more than $350,000 per year to cover both trade
and business development activities on a yearly basis. Overseas contractors identify new businesses creating
capital investment and jobs, direct investment for industrial property development, identify buyers for state made
products and assist with the coordination of trade shows. Any additional funds would be used for additional
market needs, as well as ancillary activities undertaken on behalf of the Department of Agriculture and the
Northwest Seaport Alliance.
The Request for Proposal (RFP) process would be used to identify contractors, and contractor payments would be
made on a monthly, quarterly, or project basis with specific deliverables. To accomplish this work the department
estimates:
Professional Service Contracts
FY21-FY25: $2,000,000 per year
International markets 103-Department of Commerce
Form FN (Rev 1/00) 158,068.00 Request # 144-700-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 6656 SB
Part III: Expenditure Detail
III. A - Operating Budget Expenditures
Account Account Title Type FY 2020 FY 2021 2019-21 2021-23 2023-25
001-1 General Fund State 0 2,000,000 2,000,000 4,000,000 4,000,000
Total $ 0 2,000,000 2,000,000 4,000,000 4,000,000
III. B - Expenditures by Object Or Purpose
FY 2020 FY 2021 2019-21 2021-23 2023-25
FTE Staff Years
A-Salaries and Wages
B-Employee Benefits
C-Professional Service Contracts 2,000,000 2,000,000 4,000,000 4,000,000
E-Goods and Other Services
G-Travel
J-Capital Outlays
M-Inter Agency/Fund Transfers
N-Grants, Benefits & Client Services
P-Debt Service
S-Interagency Reimbursements
T-Intra-Agency Reimbursements
9-
Total $ 0 2,000,000 2,000,000 4,000,000 4,000,000
III. C - Operating FTE Detail: List FTEs by classification and corresponding annual compensation. Totals need to agree with total FTEs in
Part I and Part IIIA
NONE
III. D - Expenditures By Program (optional)
NONE
Part IV: Capital Budget Impact
IV. A - Capital Budget Expenditures
NONE
IV. B - Expenditures by Object Or Purpose
NONE
IV. C - Capital Budget Breakout
Identify acquisition and construction costs not reflected elsewhere on the fiscal note and describe potential financing methods
NONE
Part V: New Rule Making Required
International markets 103-Department of Commerce
Form FN (Rev 1/00) 158,068.00 Request # 144-700-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 6656 SB
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