This bill amends West Virginia Code §11-8-16 to allow counties to retain surplus funds collected from voter-approved excess levy requests. Specifically, it introduces new language stating that any surplus funds exceeding the amounts specified in the levy call and approved by voters will remain with the county that imposed the levy. These surplus funds will be accounted for in the county's general fund and can be expended similarly to other general fund moneys.

Additionally, the bill makes minor adjustments to the language regarding the issuance of bonds and the maximum rates for levies applicable to different classes of properties. It clarifies that the local levying body will not issue bonds upon approval of the proposed increased levy and maintains the existing limits on levy rates for various property classes. Overall, the bill aims to provide counties with greater financial flexibility by allowing them to utilize surplus funds from excess levies.

Statutes affected:
Introduced Version: 11-8-16