WEST virginia legislature

2024 second extraordinary session

Introduced

House Bill 213

By Delegates Hanshaw (Mr. Speaker) and Hornbuckle

[By Request of the Executive]

[Introduced; referred
to the Committee on.]

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 Department of Economic Development, Department of Economic Development, Office of the Secretary, fund 0256, fiscal year 2025, organization 0307, by supplementing and amending the appropriations for the fiscal year ending June 30, 2025.

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, The Governor submitted to the Legislature an Executive Message dated May 19, 2024, which included a revised estimate of revenues for the State Fund, General Revenue,  and recommended supplementary appropriations for the fiscal year 2024; and

WHEREAS, The Governor submitted to the Legislature an Executive Message dated September 30, 2024, which included a statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2024, and further included the estimate of revenue for the fiscal year 2025, less net appropriation balances forwarded and regular and surplus appropriations for the fiscal year 2025; and

WHEREAS, It appears from the Executive Message, Statement of the State Fund, General Revenue, there remains an unappropriated surplus balance in the State Treasury which is available for appropriation during the fiscal year ending June 30, 2025; therefore

Be it enacted by the Legislature of West Virginia:

That the total appropriation for the fiscal year ending June 30, 2025, to fund 0256, fiscal year 2025, organization 0307, be supplemented and amended by increasing an existing item of appropriation as follows:

Title II – Appropriations.

Section 1. Appropriations from general revenue.

DEPARTMENT OF ECONOMIC DEVELOPMENT

43 - Department of Economic Development –

Office of the Secretary

(W.V. Code Chapter 5B)

Fund 0256 FY 2025 Org 0307

       General

Appro- Revenue

priation Fund

8a Directed Transfer – Surplus 70099 135,000,000

From the above appropriation for Directed Transfer – Surplus (fund 0256, appropriation 70099) $125,000,000 shall be transferred to the Economic Enhancement Grant Fund (fund 3382) and $10,000,000 shall be transferred to the West Virginia Jobs Investment Trust (fund 9071).

NOTE: The purpose of this supplemental appropriation bill is to increase an existing item of appropriation in the aforesaid account for the designated spending unit for expenditure during the fiscal year 2025.