SB 231 West Virginia Senate · 2025 Regular Session

Clarifying when funds accumulated by boards may be transferred to General Revenue Fund

This bill clarifies when state boards (like licensing boards) can transfer excess funds to the state's General Revenue Fund. It sets two conditions for transfers: when a board's special fund balance exceeds twice its annual budget or $10,000 (whichever is greater), and limits annual transfers to $200,000 per board. The Legislative Auditor must review the board's fees if a transfer occurs to check if fees are generating excessive revenue. This directly affects all state boards that collect fees for licensing or regulation.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2025 Last action Feb 12, 2025
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 12, 2025
Introduced
Introduced in Senate
upper
Feb 12, 2025
Committee
To Finance
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jack Woodrum
Jack Woodrum
RRepublican
WV
10