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WV HB3440

Bill

Official Source

Status

Passed

4/25/2025

Primary Sponsor

Clay Riley

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Repeals all nine sections (§12-1A-1 through §12-1A-9) of the West Virginia Small Business Linked Deposit Program, which the legislature deemed obsolete
  • The program previously provided a mechanism for small businesses to obtain loans through linked deposit arrangements with the State Treasurer's Office
  • Passed the West Virginia Legislature on April 11, 2025, and takes effect 90 days later on July 10, 2025
  • Originated in the House of Delegates and was sponsored by Delegate Riley

Legislative Description

Relating generally to removing and repealing obsolete provisions under the purview of the State Treasurer’s Office

Finance and Administration

Last Action

Approved by Governor 4/25/2025 - Senate Journal

4/12/2025

Committee Referrals

Government Organization3/31/2025
Finance3/17/2025

Full Bill Text

No bill text available