Department of Administration rule relating to financial services reporting

SB 305 authorizes West Virginia's Department of Administration to establish and maintain a specific rule (148 CSR 24) for financial services reporting. This procedural bill confirms the department's authority to create and enforce reporting requirements for financial services entities operating in the state. It does not change the content of the reporting rules but formally authorizes their continued use under state law. The rule directly affects financial institutions and service providers required to submit these reports to the state.