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WV HB4427

Bill

Official Source

Status

Introduced

1/16/2026

Primary Sponsor

Marty Gearheart

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Unencumbered special revenue accounts with no receiving or disbursing activity for less than one year must forfeit 25% of funds to the General Revenue Fund
  • Inactive special revenue accounts with no activity for over one year but less than two years must forfeit 50% of funds to the General Revenue Fund
  • Special revenue accounts inactive for over two years must forfeit 100% of funds to the General Revenue Fund
  • State officials are prohibited from disbursing funds from affected special revenue accounts while forfeiture and repayment to the General Revenue Fund is pending
  • Amends §12-2-2 of the West Virginia Code governing payment and deposit of taxes and amounts due to the state

Legislative Description

Relating to “unencumbered” special revenue accounts to be surrendered to general revenue under certain circumstances

Appropriations

Last Action

To House Revenue

1/29/2026

Committee Referrals

Revenue1/29/2026
Finance1/16/2026

Full Bill Text

No bill text available