HB3517 S FIN AMT #1 4-9

Johnson  7909

The Committee on Finance moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. House Bill 3517—A Bill to amend and reenact §8-35-1 and §8-35-2 of the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §6-9D-1, §6-9D-2, §6-9D-2a, §6-9D-3, §6-9D-4, §6-9D-5, §6-9D-6, §6-9D-7, §6-9D-8, §6-9D-9,§6-9D-10, §6-9D-11 and §6-9D-12; and to amend said code by adding thereto by adding 4 new sections, designated §8-35-3, §8-35-4, §8-35-5 and §8-35-6, all relating generally to fiscal watch or fiscal emergencies of local governments; setting out findings; defining terms; setting out auditable conditions of local governments; providing details of a fiscal watch or a fiscal emergency; establishing a system to remediate those emergencies; providing for a financial recovery plan; setting out certain timeframes; setting out duties of local officials; requiring certain action be taken by the State Auditor or a designee; providing for an appeal; providing for a severability clause; modernizing the process for the dissolution of municipalities; and providing for rulemaking.

Adopted

Rejected