Bill Text: WV SB517 | 2022 | Regular Session | Enrolled

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Bill Title: Expiring funds from unappropriated balance in State Excess Lottery Revenue Fund

Spectrum: Bipartisan Bill

Status: (Passed) 2022-04-20 - Chapter 13, Acts, Regular Session, 2022 [SB517 Detail]

Download: West_Virginia-2022-SB517-Enrolled.html

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WEST virginia legislature

2022 regular session

ENROLLED

Senate Bill 517

By Senators Blair (Mr. President) and Baldwin
(By Request of the Executive)

[Passed March 07, 2022; in effect from passage]

AN ACT expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, for the fiscal year ending June 30, 2022, in the amount of $22,500,000 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 12, 2022, containing a Statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2021, and further included the estimate of revenue for the fiscal year 2022, less net appropriation balances forwarded and regular and surplus appropriations for the fiscal year 2022, 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, 2022; and

Whereas, It appears from the Governor’s Statement of the State Fund, General Revenue, and this legislation, there now remains an unappropriated surplus balance in the State Treasury which is available for appropriation during the fiscal year ending June 30, 2022; 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, 2022, in the State Excess Lottery Revenue Fund be decreased by expiring the amount of $22,500,000 to the unappropriated surplus balance of the State Fund, General Revenue, to be available for appropriation during the fiscal year ending June 30, 2022.