This bill amends and reenacts section 64-2-1 of the Code of West Virginia, 1931, to authorize the Department of Administration to promulgate a legislative rule concerning financial services reporting. Specifically, it references a legislative rule that was filed in the State Register on March 11, 2024, which is related to financial services reporting under the authority of 5A-2B-2 of the code.

The bill aims to formalize the Department of Administration's ability to implement this rule, thereby enhancing the regulatory framework for financial services reporting in West Virginia. As this section is newly introduced, there are no deletions or existing legal language being modified.

Statutes affected:
Introduced Version: 64-2-1