Bill Text: WV HB5456 | 2024 | Regular Session | Introduced
Bill Title: Expiring funds from the Excess Lottery Revenue Fund to the General Revenue
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2024-02-05 - To House Finance [HB5456 Detail]
Download: West_Virginia-2024-HB5456-Introduced.html
WEST virginia legislature
2024 regular session
Introduced
House Bill 5456
By Delegates Hanshaw (Mr. Speaker) and Hornbuckle
[By Request of the Executive]
[Introduced February 05, 2024; Referred to the Committee on Finance]
A BILL expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, for the fiscal year ending June 30, 2024, in the amount of $ 71,000,000 from the balance of moneys remaining as an unappropriated balance in the State Excess Lottery Revenue Fund.
WHEREAS, The Governor submitted the Executive Budget Document to the Legislature on January 10, 2024, containing a statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2023, and further included the estimate of revenues for the fiscal year 2024, less net appropriation balances forwarded and regular and surplus appropriations for the fiscal year 2024, and further included recommended expirations to the unappropriated surplus balance of the State Fund, General Revenue; and
WHEREAS, It appears from the Governor’s Statement of the State Excess Lottery Revenue Fund, there now remains an unappropriated balance in the State Treasury which is available for expiration during the fiscal year ending June 30, 2024; therefore
Be it enacted by the Legislature of West Virginia:
That the balance of the funds remaining as an unappropriated balance for the fiscal year ending June 30, 2024 in the State Excess Lottery Revenue Fund be decreased by expiring the amount of $71,000,000 to the unappropriated surplus balance of the State Fund, General Revenue to be available for appropriation during the fiscal year ending June 30, 2024.
NOTE: The purpose of this supplemental appropriation bill is to expire funds from the aforesaid account to the unappropriated surplus balance of the State Fund, General Revenue for expenditure during the fiscal year 2024.
