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 account balance exceeds the necessary amount for the fund's intended purposes. The expired 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 action is part of the broader financial management strategy outlined in the Executive Budget Document submitted by the Governor, which includes estimates of revenues and appropriations for the fiscal year 2025. The bill reflects the state's efforts to ensure that surplus funds are effectively allocated and utilized within the state's budgetary framework.