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WV HB4362

Bill

Official Source

Status

Introduced

1/15/2026

Primary Sponsor

Clay Riley

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Designates the State Treasurer as chairman of the Municipal Bond Commission, replacing the Tax Commissioner in that role
  • Removes the Municipal Bond Commission from the Department of Revenue and places it under the State Treasurer's Office, which must provide office space and staff support
  • Increases per diem compensation for appointed commission members from $50 to $500 per day of work
  • Requires the commission to produce quarterly financial statements and undergo annual financial and compliance audits beginning with fiscal year ending June 30, 2026
  • Authorizes the commission to conduct business via video conferencing, use existing contracts from the State Treasurer's Office or Investment Management Board, and exempts it from state purchasing requirements

Legislative Description

Relating generally to the Municipal Bond Commission governance

Municipalities

Last Action

To House Finance

1/15/2026

Committee Referrals

Banking & Insurance1/29/2026
Finance1/15/2026

Full Bill Text

No bill text available