The bill, passed on April 12, 2025, authorizes the expiration of $28,693,181.72 from the West Virginia Economic Development Authority's Economic Development Project Bridge Loan Fund (fund 9066, organization 0944) for the fiscal year ending June 30, 2025. This action is based on the Governor's assessment that the current balance in the fund exceeds the necessary amount for its intended purposes. The funds will be transferred to the unappropriated surplus balance of the State Fund, General Revenue, making them available for appropriation during the same fiscal year.

This legislative measure reflects the state's efforts to manage its financial resources effectively by reallocating excess funds from specific programs to the general revenue surplus. The bill is effective immediately upon passage, indicating a prompt response to the identified surplus in the Economic Development Project Bridge Loan Fund.