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WV HB2663
Bill
Status
2/20/2025
Primary Sponsor
Marty Gearheart
Click for details
AI Summary
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Requires inactive special revenue accounts with no receiving or disbursing activity for less than one year to forfeit 25% of unencumbered funds to the General Revenue Fund
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Increases forfeiture to 50% for special revenue accounts inactive for more than one year but less than two years
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Mandates 100% forfeiture of unencumbered funds from special revenue accounts inactive for more than two years
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Prohibits state officials from disbursing funds from affected special revenue accounts while forfeiture and repayment to the General Revenue Fund is pending
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Amends §12-2-2 of the West Virginia Code governing the deposit and handling of state funds
Legislative Description
Relating to “unencumbered” special revenue accounts to be surrendered to general revenue under certain circumstances
Appropriations
Last Action
To House Finance
2/20/2025