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WV SB726

Bill

Official Source

Status

Enrolled

3/12/2026

Primary Sponsor

Trenton Barnhart

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Removes the 30 percent cap on municipal financial stabilization funds that currently limits reserves to 30% of a municipality's most recent general fund budget
  • Eliminates the requirement that governing bodies transfer excess funds when the stabilization fund exceeds the 30% threshold
  • Municipalities retain the ability to create stabilization funds by majority vote and fund them through appropriations, gifts, grants, and general fund surpluses
  • Introduced February 3, 2026, by Senators Barnhart and Woodrum and referred to the Committee on Government Organization

Legislative Description

Removing cap for municipalities on their stabilization fund

Municipalities

Last Action

House Message received

3/13/2026

Committee Referrals

Finance2/17/2026
Government Organization2/3/2026

Full Bill Text

No bill text available