This bill proposes a supplemental appropriation from the unappropriated surplus balance in the State Fund, General Revenue, specifically for the Department of Commerce, Division of Economic Development, for the fiscal year ending June 30, 2026. The bill adds a new item of appropriation, which includes a directed transfer of $40,000,000 from the General Revenue Fund to the Economic Development Promotion and Closing Fund. This transfer is intended to support economic development initiatives within the state.

The bill outlines the necessary adjustments to the appropriations for the fiscal year 2026, as indicated by the new fund and organization numbers (0256 and 0307, respectively). The Governor's Executive Budget Document, submitted on January 14, 2026, highlighted the availability of this unappropriated surplus balance, justifying the need for this supplemental appropriation to enhance economic development efforts in West Virginia.