SB 634 Text

ENGROSSED
Senate Bill No. 634
(By Senators Craigo, Anderson, Bailey, Chafin, Helmick, Jackson, Love, Macnaughtan, Plymale, Prezioso, Sharpe, Walker, Boley, Dugan, McKenzie, Minear and Sprouse)
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[Originating in the Committee on Finance;
reported February 20, 1998.]
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A BILL expiring funds to the unappropriated surplus balance in the state fund, general revenue, for the fiscal year ending the thirtieth day of June, one thousand nine hundred ninety-eight, in the amount of five hundred ten thousand seventy-two dollars from the insurancecommissioner-examination revolving fund, fund 7150, and in the amount of eight hundred eighty-seven thousand seventy-seven dollars from the insurance commissioner-cash control fund, fund 7152.

Whereas, The Legislature finds that the fund balance in the insurance commissioner-examination revolving fund and the insurance commissioner-cash control fund, exceeds that which is necessary for the purposes for which the accounts were established; therefore
Be it enacted by the Legislature of West Virginia:
That the balance of funds available for expenditure in the fiscal year ending the thirtieth day of June, one thousand nine hundred ninety-eight, to the insurance commissioner-examination revolving fund, fund 7150, be decreased by expiring the amount of five hundred ten thousand seventy-two dollars and to the insurance commissioner-cash control fund, fund 7152, be decreased by expiring the amount of eight hundred eighty-seven thousand seventy-seven dollars to the state fund, general revenue, to be available for further and additional appropriation.
The purpose of this bill is to expire the sum of the five hundred ten thousand seventy-two dollars from the insurance commissioner-examination revolving fund, fund 7150, and to expire the sum of eight hundred eighty-seven thousand seventy-seven dollars from the insurance commissioner-cash control, fund 7152, to the unappropriated surplus balance in the state fund, general revenue, for the fiscal year ending the thirtieth day of June, one thousand nine hundred ninety-eight, to be available for further and additional appropriation.

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