This bill aims to amend and reenact section 64-2-1 of the Code of West Virginia, 1931, to grant the Department of Administration the authority to promulgate a legislative rule concerning financial services reporting. Specifically, it authorizes the legislative rule that was filed in the State Register on March 11, 2024, which is related to financial services reporting under the designation 148 CSR 24.

The bill emphasizes the importance of establishing a regulatory framework for financial services reporting, thereby enhancing the Department of Administration's capabilities in this area. As this section is newly introduced, there are no deletions or existing legal language being modified; it simply adds the necessary authorization for the Department to proceed with the rulemaking process.

Statutes affected:
Introduced Version: 64-2-1