This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, specifically from Lottery Net Profits, to the State Board of Education for the fiscal year ending June 30, 2025. The bill outlines the addition of a new item of appropriation for the Hope Scholarship Program, which will allocate $33,804,764 from lottery surplus funds to fund 3951, fiscal year 2025, organization 0402.
The bill is based on the Governor's Executive Budget Document, which indicates that there is an available surplus in the State Treasury for the fiscal year 2025. The new appropriations are intended to support educational initiatives through the Hope Scholarship Program, thereby enhancing funding for educational opportunities in West Virginia.