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WV HB4833

Bill

Official Source

Status

Introduced

1/26/2026

Primary Sponsor

Erica Moore

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Removes the 30% cap on municipal financial stabilization funds in West Virginia
  • Currently, municipalities cannot hold more than 30% of their most recent general fund budget in stabilization funds
  • Eliminates the requirement that governing bodies transfer excess funds when the 30% threshold is exceeded
  • Allows municipalities to accumulate unlimited reserves in their stabilization funds
  • Amends §8-37-3 of the West Virginia Code by striking subsection (c) entirely

Legislative Description

To remove the cap for municipalities on their stabilization fund

Municipalities

Last Action

To House Finance

1/26/2026

Committee Referrals

Finance1/26/2026

Full Bill Text

No bill text available