Bill Text: WV SB2038 | 2024 | 2nd Special Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Expiring funds from Treasurer’s Office, Unclaimed Property Fund

Spectrum: Bipartisan Bill

Status: (Passed) 2024-10-29 - Chapter 29, Acts, 2nd Extraordinary Session, 2024 [SB2038 Detail]

Download: West_Virginia-2024-SB2038-Introduced.html

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WEST virginia legislature

2024 second extraordinary session

Introduced

Senate Bill 2038

By Senators Blair (Mr. President) and Woelfel

(By Request of the Executive)

[Introduced October 7, 2024]

A BILL expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, for the fiscal year ending June 30, 2025 in the amount of $15,000,000 from the Executive, Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2025, organization 1300.  

WHEREAS, The Governor finds that the account balance in the Executive, Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2025, organization 1300, exceeds that which is necessary for the purposes for which the account was established; therefore

Be it enacted by the Legislature of West Virginia:

That the balance of the funds available for expenditure in the fiscal year ending June 30, 2025, in the Executive, Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2025, organization 1300, be decreased by expiring the amount of $15,000,000 to the unappropriated surplus balance of the State Fund, General Revenue to be available for appropriation during the fiscal year ending June 30, 2025.

NOTE: The purpose of this supplemental appropriation bill is to expire funds from the aforesaid account to the unappropriated surplus balance of the State Fund, General Revenue for the fiscal year 2025.