Relating to authorizing the State Auditor to promulgate a legislative rule relating to private trust companies

HB 2295 authorizes the West Virginia State Auditor to implement a specific regulatory rule governing private trust companies operating in the state. The bill formally approves an existing rule (previously filed in the State Register on August 13, 2024, and modified after committee review on October 17, 2024) that addresses how these financial entities must operate. This rule, identified as "155 CSR 12," establishes standards for private trust companies, directly affecting their compliance requirements. The bill does not create new regulations but legally authorizes the State Auditor's previously proposed rule.