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WV SB775

Bill

Status

Introduced

3/17/2025

Primary Sponsor

Randy Smith

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Transfers $28,564,089.61 from the West Virginia Economic Development Authority's Economic Development Project Bridge Loan Fund to the State Fund General Revenue unappropriated surplus balance

  • The Governor determined the Bridge Loan Fund balance exceeds what is necessary for its established purposes

  • Funds are being made available for appropriation during fiscal year ending June 30, 2025

  • Introduced at the request of the Executive branch and submitted as part of the Governor's Executive Budget Document from February 12, 2025

Legislative Description

Expiring funds from WV Economic Development Authority

Appropriations

Last Action

To Finance

3/17/2025

Committee Referrals

Finance3/17/2025

Full Bill Text

No bill text available