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WV HB5064
Bill
Status
Introduced
2/3/2026
Primary Sponsor
David Green
Click for details
AI Summary
- Defines "chronic audit noncompliance" as a municipality's failure to complete required annual financial statements or audits for three consecutive years, which constitutes automatic evidence of fiscal emergency
- Authorizes the State Auditor to evaluate whether a municipality has a reasonable likelihood of fiscal recovery based on revenue capacity, population trends, debt obligations, and compliance history during the supervision period
- Requires mandatory municipal dissolution proceedings if a municipality fails to achieve fiscal recovery after the supervision period, with the State Auditor initiating the process
- Mandates an intergovernmental coordination meeting prior to dissolution, including county commission, legislators, and governor's designee to coordinate service continuity and asset disposition
- Clarifies that municipal dissolution does not impair Public Service Commission authority over water or sewer systems, which remain subject to PSC proceedings rather than liquidation
Legislative Description
Relating to municipalities that have failed to complete required financial audits for multiple years
Municipalities
Last Action
To House Local Governments
2/6/2026
Committee Referrals
Local Governments2/6/2026
Government Organization2/3/2026
Full Bill Text
No bill text available