Bill Text: WV HB5447 | 2024 | Regular Session | Introduced

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Bill Title: Supplementing and amending appropriations to the State Board of Education, School Building Authority

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2024-02-05 - To House Finance [HB5447 Detail]

Download: West_Virginia-2024-HB5447-Introduced.html

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WEST VIRGINIA LEGISLATURE

2024 REGULAR SESSION

Introduced

House Bill 5447

By Delegates Hanshaw (Mr. Speaker) and Hornbuckle

[By request of the Executive]

[Introduced February 05, 2024; Referred to the Committee on Finance]

A BILL supplementing and amending the appropriations of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated surplus balance in the State Fund, General Revenue, to the State Department of Education, State Board of Education – School Building Authority, fund 0318, fiscal year 2024, organization 0404, by supplementing and amending the appropriations for the fiscal year ending June 30, 2024.

WHEREAS, The Governor submitted the Executive Budget Document to the Legislature on January 10, 2024, containing a statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2023, and further included the estimate of revenue for the fiscal year 2024, less net appropriation balances forwarded and regular and surplus appropriations for the fiscal year 2024, and further included recommended expirations to the unappropriated surplus balance of the State Fund, General Revenue; and

WHEREAS, It appears from the Governor’s Statement of the State Fund, General Revenue, there now remains an unappropriated surplus balance in the Treasury which is available for appropriation during the fiscal year ending June 30, 2024; therefore

Be it enacted by the Legislature of West Virginia:

 

That the total appropriation for the fiscal year ending June 30, 2024, to fund 0318, fiscal year 2024, organization 0404, be supplemented and amended by adding a new item of appropriation as follows:

Title II – Appropriations.

Section 1. Appropriations from general revenue.

DEPARTMENT OF EDUCATION

47 - State Board of Education –

School Building Authority

(W.V. Code Chapters 18 and 18A)

Fund 0318 FY 2024 Org 0404

       General

Appro- Revenue

priation Fund

 

1a School Building Authority - Surplus 45399 150,000,000

The above appropriation for School Building Authority – Surplus (fund 0318, appropriation 45399) shall be transferred to the School Construction Fund (fund 3952).

 

NOTE: The purpose of this supplemental appropriation bill is to add a new item of appropriation in the aforesaid account for the designated spending unit for expenditure during the fiscal year 2024.