Bill Text: WV SB661 | 2024 | Regular Session | Enrolled
Bill Title: Expiring funds from Lottery Net Profits to General Revenue Surplus
Spectrum: Bipartisan Bill
Status: (Passed) 2024-04-23 - Chapter 21, Acts, Regular Session, 2024 [SB661 Detail]
Download: West_Virginia-2024-SB661-Enrolled.html
WEST virginia legislature
2024 regular session
Enrolled
Senate Bill 661
By Senators Blair (Mr. President) and Woelfel
[By Request of the Executive]
(Passed March 7, 2024; 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, 2024, in the amount of $35,000,000 from the balance of moneys remaining as an unappropriated balance in Lottery Net Profits.
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 revenue 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 Lottery Net Profits 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 Lottery Net Profits be decreased by expiring the amount of $35,000,000 to the unappropriated surplus balance of the State Fund, General Revenue to be available for appropriation during the fiscal year ending June 30, 2024.
