Senate Bill No. 716
(By Senators Helmick, Sharpe, Chafin, Plymale, Prezioso, Edgell,
Love, Bailey, Bowman, McCabe, Unger, Dempsey, Boley, Minear,
Facemyer, Guills and Sprouse)
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[Originating in the Committee on Finance;
reported February 26, 2004.]
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A BILL to amend and reenact §47-18-19 of the code of West Virginia,
1931, as amended, relating to the antitrust enforcement fund;
and raising the applicable amount of funds reappropriated from
three hundred thousand dollars to four hundred thousand
dollars.
Be it enacted by the Legislature of West Virginia:
That §47-18-19 of the code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:
ARTICLE 18. ANTITRUST ACT; RESTRAINT OF TRADE.
§47-18-19. Antitrust enforcement fund.
All money received by the state as a result of actions by the
attorney general pursuant to this article or to the federal
antitrust laws shall be placed in a separate fund by the state
treasurer, to be known as the antitrust enforcement fund, and shall
be used solely for the payment of fees, costs and expenses incurred
by the attorney general in connection with antitrust enforcement activities and the first
three hundred thousand dollars four
hundred thousand dollars in this fund shall not expire at the end
of each fiscal year but shall, by operation of law, be
automatically reappropriated from year to year and all sums in
excess of
three hundred thousand dollars four hundred thousand
dollars remaining in
such the fund
shall expire at the end of each
fiscal year and
shall revert to the general revenue fund.
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(NOTE: The purpose of this bill is to raise from three
hundred thousand dollars to four hundred thousand dollars the
amount of revenue which expires at the end of the year and reverts
to the general revenue.
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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