WV HB3392

Extends the Governor's authority to borrow up to $50 million from the Revenue Shortfall Reserve Fund to maintain the Unemployment Compensation Fund through September 1, 2027 (previously expired September 1, 2018)

Borrowing is only permitted when the Executive Director of Workforce West Virginia projects the Unemployment Compensation Fund balance will fall below $50 million within the next 30 days

Borrowed funds must be used exclusively to pay unemployment benefits and must be repaid without interest within 180 days

Governor must notify the presiding officers of both legislative chambers in writing before executing any borrowing through executive order

Repayment comes from Unemployment Trust Fund balances exceeding $50 million or other legally available funds