Individual State Agency Fiscal Note - 2596 HB, New space economy (Department of Commerce)
Summary
An Individual State Agency Fiscal Note for 2596 HB, titled New space economy, from the Department of Commerce. Part I lists estimated cash receipts as NONE and estimated operating expenditures from the General Fund-State of 150,000 for 2019-21 and 150,000 for 2021-23. The narrative states that the bill relates to fostering economic growth in Washington by supporting emerging businesses in the new space economy. It says Section 2 directs the Department of Commerce to seek applications for and convene an advisory committee to assist in a study of public policies that would foster the new space economy by October 31, 2021.
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“Individual State Agency Fiscal Note - 2596 HB, New space economy (Department of Commerce).”
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, SHA-256 719d7bed854ef4faaea4b9341da251fdaee91f075ba2b922fa02906770cfec9e.Full text
Individual State Agency Fiscal Note
Bill Number: 2596 HB Title: New space economy 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 0 150,000 150,000 150,000 0
Total $ 0 150,000 150,000 150,000 0
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: Kyle Raymond Phone: 360-786-7190 Date: 01/21/2020
Agency Preparation: Karen McArthur Phone: 360-725-4027 Date: 01/24/2020
Agency Approval: Joyce Miller Phone: 360-725-2710 Date: 01/24/2020
OFM Review: Gwen Stamey Phone: (360) 902-9810 Date: 01/28/2020
Form FN (Rev 1/00) 156,543.00 Request # 080-700-1
FNS063 Individual State Agency Fiscal Note 1 Bill # 2596 HB
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.
This bill relates to fostering economic growth in Washington by supporting emerging businesses in the new space
economy.
Section 2 adds a new section that directs the Department of Commerce, in consultation with leaders of the
technology committees of the legislature, to seek applications for and convene an advisory committee to provide
information, advice and assistance in completing a study of public policies that would foster the new space
economy by October 31, 2021.
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.
The department would facilitate a solicitation for a contractor to work with the advisory committee to complete
the components required in Section 2. Over the last year, the department has contracted out for a number of
research projects/assignments. As part of their response to the request for proposals, researchers and project
managers provided a range of hourly rates from $125 to $330 an hour, depending on qualifications, experience
and technical expertise. Based on studies requiring similar amounts of data and analysis the department estimates
$150,000 per year for a professional services contract in FY21 and FY22.
Professional Service Contract:
FY21: $150,000
FY22: $150,000
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 0 150,000 150,000 150,000 0
Total $ 0 150,000 150,000 150,000 0
New space economy 103-Department of Commerce
Form FN (Rev 1/00) 156,543.00 Request # 080-700-1
FNS063 Individual State Agency Fiscal Note 2 Bill # 2596 HB
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 150,000 150,000 150,000
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 $ 0 150,000 150,000 150,000 0
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
New space economy 103-Department of Commerce
Form FN (Rev 1/00) 156,543.00 Request # 080-700-1
FNS063 Individual State Agency Fiscal Note 3 Bill # 2596 HB
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