The bill introduced on February 20, 2025, aims to amend the Code of West Virginia by adding a new section, 12-2-2a, which mandates the transfer of funds from reappropriated revenue accounts to the General Revenue Fund. Specifically, it requires the State Treasurer to transfer 50 percent of the unencumbered balance from each reappropriated revenue account to the General Fund within 30 days of the section's effective date. However, this transfer is not required if it conflicts with federal law, would necessitate repayment to the funding entity, or could jeopardize bond repayments.

Additionally, the bill stipulates that no transfers can be made from reappropriated revenue accounts until the mandated transfer to the General Fund has been completed. This legislative change is intended to enhance the state's revenue by ensuring that a significant portion of unencumbered funds is allocated to the General Fund, thereby potentially improving the state's financial resources for various programs and services.

Statutes affected:
Introduced Version: 12-2-2a