Bill Text: WV SB463 | 2013 | Regular Session | Enrolled
Bill Title: Increasing special license fee paid by pipeline companies to PSC
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Passed) 2013-05-15 - Chapter 88, Acts, Regular Session, 2013 [SB463 Detail]
Download: West_Virginia-2013-SB463-Enrolled.html
ENROLLED
Senate Bill No. 463
(By Senators Kirkendoll, Beach, Facemire, Green, Laird, Snyder and Plymale)
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[Passed April 8, 2013; to take effect July 1, 2013.]
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AN ACT to amend and reenact §24-5-3 of the Code of West Virginia, 1931, as amended, relating to the special license fees paid by pipeline companies to the Public Service Commission; increasing the aggregate amount of fees collected; and specifying for what purpose the fees may be used.
Be it enacted by the Legislature of West Virginia:
That §24B-5-3 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 5. EMPLOYEES OF COMMISSION; FUNDING.
§24B-5-3. Funding; property and revenue license fees.
(a) Every pipeline company shall pay a special license fee in addition to those now required by law. The amount of such fees shall be fixed by the Public Service Commission and levied by it upon each of such pipeline companies according to the number of three-inch equivalent pipeline miles included in its pipeline facilities and shall be apportioned among such pipeline companies upon the basis of the pipeline companies’ reports submitted to the commission in such form as the commission may prescribe, so as to produce a revenue of not more than $385,000 per annum, which fees shall be paid on or before July 1 in each year.
(b) Such sums collected under subsection (a) of this section shall be paid into the State Treasury and kept as a special fund, designated the Public Service Commission Pipeline Safety Fund, to be appropriated as provided by law for the purpose of paying the salaries, compensation, costs and expenses of its employees to the extent of the employees’ direct involvement in the enforcement of the provisions of this article. Any balance in said fund at the end of any fiscal year shall not revert to the Treasury, but shall remain in said fund and may be appropriated as provided in this subsection. All funds which heretofore were in the Public Service Commission Gas Pipeline Safety Fund shall be transferred to the Public Service Commission Pipeline Safety Fund.
