Relating to authorizing the Municipal Pensions Oversight Board to promulgate a legislative rule relating to exempt purchasing.

HB 4297 authorizes the Municipal Pensions Oversight Board to implement a specific regulatory rule (211 CSR 02) governing "exempt purchasing" for municipal pension funds. This rule would clarify which purchases by municipalities are exempt from standard competitive bidding requirements. The bill specifically approves a rule that was already proposed and filed with the State Register on October 9, 2024. It directly affects municipal pension funds and their purchasing practices under West Virginia law.