This bill proposes the repeal of section 18B-18A-12 of the Code of West Virginia, which currently mandates an annual reporting requirement for the West Virginia Research Trust Fund. By eliminating this requirement, the bill aims to streamline the reporting process associated with the fund.

The primary objective of the legislation is to remove the obligation for annual reports, thereby potentially reducing administrative burdens and allowing for more efficient management of the West Virginia Research Trust Fund. The bill does not introduce any new legal language or provisions; it solely focuses on the repeal of the existing reporting requirement.