This bill amends and reenacts section 64-9-1 of the Code of West Virginia, 1931, to authorize the State Auditor to promulgate a legislative rule concerning private trust companies. The specific rule in question was filed in the State Register on August 13, 2024, and subsequently modified to address the concerns of the Legislative Rule-Making Review Committee before being refiled on October 17, 2024.

The primary aim of this legislation is to provide the State Auditor with the necessary authority to establish regulations governing private trust companies, thereby enhancing oversight and compliance within this sector. The bill does not include any deletions or existing legal language that is being modified, as it introduces new provisions to the current law.

Statutes affected:
Introduced Version: 64-9-1