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 Governor's recommendations included in the Executive Budget Document submitted to the Legislature, which outlined the cash balance and revenue estimates for the fiscal year 2025. By expiring these funds, the bill aims to ensure that surplus resources are effectively managed and can be redirected to meet other state financial needs.