The bill aims to establish the Tobacco Cessation Initiative Program Special Revenue Account within the State Treasury, which will be managed by the Director of the Bureau for Public Health. It stipulates that all funds deposited into this account will be used exclusively for the purposes outlined in the article, with the provision that for the fiscal year ending June 30, 2025, expenditures can be made from collections rather than requiring legislative appropriation. Additionally, any remaining balance in the fund at the end of each fiscal year will not revert to the General Revenue Fund but will stay in the account for future use.

Furthermore, the bill mandates that by July 30, 2025, and annually thereafter, $5 million from the interest and returns accrued on the Revenue Shortfall Reserve Fund Part B will be transferred to the Tobacco Cessation Initiative Program Special Revenue Account. This amount is designated solely for the purposes of the Tobacco Cessation Initiative, ensuring a dedicated funding source for tobacco cessation efforts in West Virginia.

Statutes affected:
Introduced Version: 16-9G-3