This bill amends the Code of West Virginia to authorize the State Auditor to promulgate a legislative rule concerning private trust companies. Specifically, it references a legislative rule that was filed in the State Register on August 13, 2024, and subsequently modified to address concerns raised by the Legislative Rule-Making Review Committee before being refiled on October 17, 2024. The rule in question is identified as relating to private trust companies under the designation 155 CSR 12.

The bill serves to formalize the authority of the State Auditor to implement this rule, thereby enhancing regulatory oversight of private trust companies in West Virginia. The legislative action reflects a commitment to ensuring that the rules governing these entities are up-to-date and responsive to legislative feedback.

Statutes affected:
Introduced Version: 64-9-1