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WV HB4428

Bill

Official Source

Status

Introduced

1/16/2026

Primary Sponsor

Marty Gearheart

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Requires the State Treasurer to transfer 50% of the unencumbered balance from each reappropriated revenue account to the General Revenue Fund within 30 days of the law taking effect
  • Exempts accounts from the mandatory transfer if federal law prohibits it, if an agreement condition with the funding entity would be violated, or if repayment to the original funding source would be required
  • Protects accounts where the transfer would jeopardize bond repayment obligations
  • Prohibits any other transfers from reappropriated revenue accounts until the mandatory 50% transfer to the General Fund has been completed
  • Adds new section §12-2-2a to West Virginia Code Article 2 regarding payment and deposit of taxes and amounts due to the state

Legislative Description

Requiring 50 percent of all reappropriated revenue accounts to be surrendered to general revenue

Appropriations

Last Action

To House Revenue

1/29/2026

Committee Referrals

Revenue1/29/2026
Finance1/16/2026

Full Bill Text

No bill text available