Bill Text: WV HB2603 | 2019 | Regular Session | Introduced
Bill Title: Relating to the amount permitted to remain in the West Virginia Alcohol Beverage Control Administration’s operating fund
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2019-02-20 - To House Finance [HB2603 Detail]
Download: West_Virginia-2019-HB2603-Introduced.html
WEST virginia legislature
2019 regular session
Introduced
House Bill 2603
By Delegates Hanshaw (Mr. Speaker), Miley and Nelson
[Introduced January 22, 2019; Referred
to the Committee on Government Organization then Finance.]
A BILL to amend and reenact §60-3-15, §60-3-17, and §60-3-18 of the Code of West Virginia, 1931, as amended, all relating to the amount permitted to remain in the West Virginia Alcohol Beverage Control Administration’s operating fund and providing for reports regarding the fund balance to ensure operations are maintained.
Be it enacted by the Legislature of West Virginia:
article 3. sales by commissioner.
§60-3-15. Amount of operating fund and value of
inventory stock allowed; contract for manufacture of state brand; ordering
listed and unlisted brands.
In order to avoid the accumulation of excessive stocks in
warehouses and stores, the commissioner shall so plan his or her
purchases of alcoholic liquors for sale in state stores and agencies
that none of the stock on hand be on a consignment basis and that the amount of
operating fund and the value of inventory stock shall not exceed $20
million $8 million. The required fund balance should be reported to the
Joint Committee on Government and Finance annually to ensure the operating fund
meets the operating requirements as outlined by the commissioner.
The commissioner may, with the consent of the Governor,
contract for the manufacture of alcoholic liquors for sale in state stores and
agencies. Such liquors shall bear a special designation as "state
brand."
Listed brands and sizes of spirituous liquors shall not be
reordered in quantities greater than at the rate of comparative gross sales as
determined by the last three monthly reports published prior to each reorder: Provided,
That to take advantage of price discounts or to anticipate price increases
listed brands may be reordered upon the basis of anticipated needs to be
determined by projecting adjusted sales records; but in no event shall the
amount of operating fund and the value of inventory stock exceed the
limit provided in the first paragraph of this section.
The initial order of any new or unlisted brand of spirituous liquor, excepting wine, shall not exceed 500 cases. The initial order of new or unlisted wine brands shall not exceed 15 hundred cases.
§60-3-17. Regulations as to handling and depositing of moneys collected; monthly remittances; penalty.
The commissioner, with the approval of the state
Treasurer, shall prescribe regulations for the handling and depositing of all
moneys collected by the commissioner. All receipts accruing to and available
for the General Revenue Fund in excess of the requirements of the operating
fund and the license fee and additional sales tax imposed by the provisions
of this chapter specified in §60-3-15 of this code, shall be
remitted by the commissioner to the state Treasury monthly within 15 days next
after the end of each calendar month.
If the commissioner fails to remit such moneys to the state Treasury within the time specified in accordance with the provisions of this section, he or she shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined $1,000.
§60-3-18. Operating fund continued; use; maximum amount.
The operating fund of the commissioner, heretofore created in the state Treasury, is hereby continued and shall be a revolving fund from which all operation and administration expenses of the commissioner shall be paid.
All moneys collected by the commissioner shall be credited to the operating fund until that fund reaches an amount sufficient for the current and routine requirements of the office of the West Virginia Alcohol Beverage Control Commissioner, this amount to be not in excess of the amount hereinbefore provided in §60-3-15 of this code.
NOTE: The purpose of this bill is to specify the amount of money permitted in the West Virginia Alcohol Beverage Control Administration operating fund that excludes inventory and sets the limit of the operating fund at $8 million.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
