Maddy summaryThis bill directs $83.2 million in unspent money from the PEIA Rainy Day Fund to be removed from the 2024 budget and returned to the state's general surplus. The action applies specifically to the fiscal year ending June 30, 2024, and affects the State Fund, General Revenue account managed by the Department of Revenue and State Budget Office. By expiring these funds, the legislation ensures that the money is no longer available for spending in the current year and becomes part of the state's overall reserve balance.
Del. Sean Hornbuckle
Sponsored bills
Maddy summaryThis bill updates the rules for how West Virginia deposits surplus money into the Revenue Shortfall Reserve Fund, which is used to cover future budget gaps. Effective July 1, 2024, the state will deposit the first half of any annual surplus revenue until the combined total of this fund and a related sub-account reaches 20% of the previous year's general revenue budget. Once that 20% threshold is met, no further deposits will be made until the combined balance falls below that level. The legislation also clarifies that the governor can request legislative approval to use these funds for revenue shortfalls or emergencies, and if the legislature does not act, the governor may instead reduce state spending. Additionally, the bill allows the governor to borrow from the fund without interest to ensure timely payments of state obligations, provided the borrowed amount is repaid within 90 days.
Maddy summaryHB 110 provides additional funding to the West Virginia Department of Administration for its Office of Technology and Division of Information Services and Communications for the 2025 fiscal year. The bill adjusts specific budget categories, such as personal services, equipment, and current expenses, to reflect a previous legislative consolidation of these funds that was not included in the state's main budget bill. By amending existing appropriation accounts, the legislation ensures that the correct financial resources are allocated to these reorganized units for their designated operations.
Maddy summaryHB 102 directs the transfer of $150 million in unspent state funds to the Division of Highways for use during fiscal year 2024. This legislation amends the state budget to move money from the General Revenue account into the State Road Fund, ensuring these resources are available for highway maintenance and construction projects. The bill responds to a revised revenue estimate provided by the Governor, allowing the legislature to utilize the remaining balance in the state treasury for transportation needs.
Maddy summaryHB 109 is a budget amendment that reduces the amount of state funding allocated to West Virginia schools for the fiscal year 2025. The bill directly affects the Department of Education and the State Board of Education by lowering their approved budget totals. Specifically, it decreases the appropriation for "Other Current Expenses" and adjusts the total state aid provided to school districts. This legislation serves to cut spending within the designated education fund rather than adding new resources.
Maddy summaryThis bill directs $2,877,636 from the Lottery Education Fund to the Department of Arts, Culture, and History's Capital Resource Match Grant Program. The transfer is intended to increase the available cash balance for the department to support cultural facilities and capital projects. By moving these funds, the legislation ensures that money originally set aside for specific lottery education purposes is instead made accessible for broader cultural infrastructure needs within the state.
Maddy summaryThis bill directs the West Virginia Legislature to allocate remaining state funds from the 2024 fiscal year to the Department of Health and the Department of Human Services for use in fiscal year 2025. It specifically authorizes the transfer of unspent money from various programs, such as emergency response, medical cannabis, and drug control, to their corresponding accounts in the new budget year. Additionally, the measure grants the Department of Health Secretary limited authority to move up to five percent of funds between specific budget categories, while prohibiting transfers into the employee benefits account. These changes ensure that leftover money is utilized for its intended purposes rather than remaining idle in the state treasury.