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Introduced Version Senate Bill 3001 History

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Key: Green = existing Code. Red = new code to be enacted


Senate Bill No. 3001

(By Senators Tomblin, Mr. President, and Sprouse,

By Request of the Executive)

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[Introduced November 15, 2004; referred to the Committee on Finance.]

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A BILL to amend and reenact §11B-2-15 of the code of West Virginia, 1931, as amended, relating to appropriation in certain fiscal years of moneys to the bureau for medical services of the department of health and human resources from funds held in reserve for the public employees insurance agency.

Be it enacted by the Legislature of West Virginia:
That §11B-2-15 of the code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 2. STATE BUDGET OFFICE.
§11B-2-15. Reserves for public employees insurance program.
(a) There is hereby continued a special revenue account in the state treasury, designated the "Public Employees Insurance Reserve Fund", which is an interest-bearing account and may be invested in accordance with the provisions of article six, chapter twelve of this code, with the interest income a proper credit to the fund.
(b) The fund shall consist of moneys appropriated by the Legislature and moneys transferred annually pursuant to the provisions of subsection (c) of this section. These moneys shall be held in reserve and appropriated by the Legislature only for the support of the programs provided by the public employees insurance agency: Provided, That in only the fiscal year beginning the first day of July, two thousand two, and in each of the next two five fiscal years thereafter, and ending on the thirtieth day of June, two thousand five eight, the moneys held in the fund may be appropriated to the bureau of medical services of the department of health and human resources.
(c) Annually each state agency, except for the higher education central office created in article four, chapter eighteen-b of this code; the higher education governing boards as defined in articles two and three of said chapter; and the state institutions of higher education as defined in section two, article one of said chapter shall transfer one percent of its annualized expenditures from state funds, excluding federal funds based on filled full-time equivalents as determined by the state budget office as of the first day of April for that fiscal year, to the public employees insurance reserve fund. The secretary may exempt that transfer only upon a showing by the requesting agency that the continued operation of that agency is dependent upon receipt of the exemption.
(d) Annually the secretary shall provide a report to the governor and the Legislature on the amount of reserves established pursuant to the provisions of this section, the number of
exemptions granted and the agencies receiving those exemptions.
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(NOTE: The purpose of this bill is to extend from June 30, 2005, to June 30, 2008, the time period moneys in the Public Employees Insurance Reserve Fund can be appropriated to the Bureau of Medical Services.

Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.)
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