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Introduced Version Senate Bill 1050 History

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WEST virginia legislature

2019 first extraordinary session

Introduced

Senate Bill 1050

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

[Introduced June 24, 2019; referred to the Committee on Rules]

 

A BILL making a supplementary appropriation by adding a new item and increasing the expenditure of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated balance in the State Fund, General Revenue, to the Department of Revenue, State Budget Office, fund 0595, fiscal year 2019, organization 0703, by supplementing and amending the appropriations for the fiscal year ending June 30, 2019.

WHEREAS, The Governor submitted to the Legislature the Executive Budget document, dated January 9, 2019, which included a Statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2018, and further included a revised estimate of revenues for the fiscal year 2019, less net appropriation balances forwarded and regular appropriations for the fiscal year 2019; and

WHEREAS, The Governor submitted to the Legislature an Executive Message dated March 5, 2019, which included a revised estimate of revenues for the State Fund, General Revenue and a statement of the State Fund, General Revenue for the fiscal year 2019; and

WHEREAS, The Governor submitted to the Legislature an Executive Message dated May 20, 2019, which included a revised estimate of revenues for the State Fund, General Revenue and a statement of the State Fund, General Revenue for the fiscal year 2019; and

WHEREAS, The Governor submitted to the Legislature an Executive Message dated June 17, 2019, which included a revised estimate of revenues for the State Fund, General Revenue and a statement of the State Fund, General Revenue for the fiscal year 2019; and

WHEREAS, It appears from the Statement of the State Fund, General Revenue, and Executive messages, there remains an unappropriated balance in the State Treasury which is available for appropriation during the fiscal year ending June 30, 2019; therefore

Be it enacted by the Legislature of West Virginia:

That the total appropriation for the fiscal year ending June 30, 2019, to fund 0595, fiscal year 2019, organization 0703, be supplemented and amended by adding a new item of appropriation as follows:

Title II – Appropriations.

Section 1. Appropriations from general revenue.

 department of revenue

76 – State Budget Office

 (WV Code Chapter 11B)

Fund 0595 FY 2019 Org 0703

                                                                                                                             General

                                                                                                            Appro-    Revenue

                                                                                                           priation         Fund

 

2b   Revenue Shortfall Reserve Fund – Transfer......................         59000         $       39,000,000

The above appropriation for Revenue Shortfall Reserve Fund - Transfer (fund, 0595, appropriation 59000) shall be transferred to the Department of Revenue, Office of the Secretary, Revenue Shortfall Reserve Fund (fund 7005).

NOTE: The purpose of this supplemental appropriation bill is to add a new item of appropriation in the aforesaid account from the State Fund, General Revenue, for the fiscal year 2019.

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