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Introduced Version Senate Bill 1026 History

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WEST virginia legislature

2019 first extraordinary session

Introduced

Senate Bill 1026

By Senators Carmichael (Mr. President) and Prezioso
(By Request of the Executive)

[Introduced May 20, 2019]

A BILL expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, for the fiscal year ending June 30, 2019 in the amount of $4,705,000 from the Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2019, organization 1300, and making a supplementary appropriation of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated surplus balance in the State Fund, General Revenue, to the Executive, Governor’s Office, fund 0101, fiscal year 2019, organization 0100,  by supplementing and amending the appropriations for the fiscal year ending June 30, 2019.

Whereas, The Governor finds that the account balance in the Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2019, organization 1300 exceeds that which is necessary for the purposes for which the account was established; therefore

Be it enacted by the Legislature of West Virginia:


That the balance of the funds available for expenditure in the fiscal year ending June 30, 2019, in the Treasurer’s Office, Unclaimed Property Fund, fund 1324, fiscal year 2019, organization 1300 be decreased by expiring the amount of $4,705,000 to the unappropriated surplus balance of the State fund, General Revenue, to be available for appropriation during the fiscal year ending June 30, 2019.

And, That the total appropriation for the fiscal year ending June 30, 2019, to fund 0101, fiscal year 2019, organization 0100, be supplemented and amended by adding a new item of appropriation as follows:

Title II – Appropriations.

Section 1. Appropriations from general revenue.

 EXECUTIVE

5 – Governor’s Office -

 (WV Code Chapter 5)

Fund 0101 FY 2019 Org 0100

                                                                                                                                               General

                                                                                                            Appro-                       Revenue

                                                                                                           priation                         Fund

 

5a   Federal Reimbursement/Repayment - Surplus.......................... xxxxx          $          4,705,000

 

NOTE: The purpose of this supplemental appropriation bill is to transfer excess funds from the Unclaimed Property Fund to the State Fund, General Revenue, unappropriated surplus balance and making a supplemental appropriation for the fiscal year 2019.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.

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