Bill Text: WV HB4975 | 2020 | Regular Session | Comm Sub
Bill Title: Making a supplementary appropriation to the School Building Authority, Debt Service Fund
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2020-03-07 - On 2nd reading, House Calendar [HB4975 Detail]
Download: West_Virginia-2020-HB4975-Comm_Sub.html
WEST virginia legislature
2020 regular session
Committee Substitute
for
House Bill 4975
By Delegates Hanshaw
(Mr. Speaker) and Miley
[By Request of the Executive]
[Originating in the Committee on Finance; February 29th, 2020]
A BILL supplementing and amending by decreasing an existing item of appropriation and adding a new item of appropriation for expenditure of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated balance in the State Fund, Lottery Net Profits, to the State Department of Education, School Building Authority, fund 3963, fiscal year 2020, organization 0402 by supplementing and amending Chapter 31, Acts of the Legislature, Regular Session, 2019, known as the budget bill for the fiscal year ending June 30, 2020.
Whereas, The Governor submitted to the Legislature the Executive Budget document, dated January 8, 2020, which included a Statement of the State Fund, Lottery Net Profits, setting forth therein the cash balance as of July 1, 2019, less net appropriation balances forwarded and regular and recommended supplemental appropriations for the fiscal year 2020; and
Whereas, It appears from the Statement of the State Fund, Lottery Net Profits and this supplemental appropriation bill, there remains an unappropriated balance in the State Treasury which is available for appropriation during the fiscal year ending June 30, 2020; therefore
Be it enacted by the Legislature of West Virginia:
That Chapter 31, Acts of the Legislature, Regular Session, 2019, known as the budget bill, be supplemented and amended by decreasing an existing item of appropriation and adding a new item of appropriation to Title II, section 4 thereof, to read as follows:
Title II – Appropriations.
Sec. 4. Appropriations from lottery net profits.
DEPARTMENT OF EDUCATION
293 – State Department of Education –
School Building Authority –
Debt Service Fund
(WV Code Chapter 18)
Fund 3963 FY 2020 Org 0402
1 Debt Service - Total............................................................. 31000 $ 15,320,363
2 Directed Transfer................................................................. 70000 100
3 SBA Construction Grants..................................................... 24000 2,679,537
4 Total...................................................................................... $ 18,000,000
5 The School Building Authority shall have the authority to transfer between the above
6 appropriations in accordance with W.Va. Code §29-22-18.
7 The above appropriation for SBA Construction Grants (fund 3963, appropriation 24000)
8 may be transferred to the Department of Education, State Board of Education, School
9 Construction Fund, fund 3951, organization 0402 to be used for school construction and
10 maintenance projects.
