Bill Summary – FastDemocracy

WEST VIRGINIA LEGISLATURE
REGULAR SESSION
                Introduced House Bill 5450
    By Delegates Hanshaw (Mr. Speaker) and Hornbuckle [By Request of the Executive]
  [Introduced February 05, 2024; Referred to the Committee on Finance]
     INTR SB                                2024R3616H 2024R3615S
  A BILL supplementing and amending the appropriations of public moneys out of the Treasury from
         the balance of moneys remaining as an unappropriated balance in the State Fund, General
         Revenue, to the Higher Education Policy Commission, Fairmont State University, fund
         0360, fiscal year 2024, organization 0484, by supplementing and amending the
         appropriations for the fiscal year ending June     30,      2024.
         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 supplemental
  appropriations from the balance of   the State Fund,    General Revenue;    and
         WHEREAS, It appears from the Governor's Statement of the State Fund, General
  Revenue, there now remains an unappropriated balance in the Treasury which is available for
  appropriation during the fiscal year ending June 30, 2024; therefore Be it enacted by the Legislature of West Virginia:
         That the total appropriation for the fiscal year ending June 30, 2024, to fund 0360, fiscal
  year 2024, organization 0484, be supplemented and amended by increasing an existing item of
  appropriation as follows:
                                    TITLE II – APPROPRIATIONS.
         Section 1. Appropriations from general revenue.
                              HIGHER EDUCATION POLICY COMMISSION
                                      113 – Fairmont State University
                                         (W.V. Code Chapter 18B)
                                       Fund 0360 FY 2024 Org 0484
                                                                                               General
                                                                           Appro-              Revenue
                                                           1
     INTR SB                                      2024R3616H 2024R3615S
                                                                                    priation Fund
 1   Fairmont State University...................................................   41400          400,000
            NOTE: The purpose of this supplemental appropriation bill is to increase an existing item of
            appropriation in the aforesaid account for the designated spending unit for expenditure during the fiscal year 2024.
                                                                  2