SB419 SFAT KARNES 2-8

STAREK 7974

Senator Karnes moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Senate Bill 419--A Bill to amend and reenact §4-11A-18 of the Code of West Virginia, 1931, as amended; to amend and reenact §11-13V-4 of said code; and to amend and reenact §11-21-96 of said code, all relating to termination of Workers’ Compensation Debt Reduction Act; specifying effective date of termination; authorizing sooner termination by Executive Order; reallocating deposits of revenues with relation to the Old Fund; authorizing redirection of deposits, by Executive Order, of specified revenues into the General Fund for a limited time period if budget shortfall exceeds specified amount; eliminating language relating to actuarial determination and executive certification of specified conditions; specifying effective dates; and specifying dedication of revenues.

Adopted

Rejected