HB 4367
Allowing for surplus money collected above voter approved excess levy requests to remain with specific county and placed in general fund
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes how surplus funds are handled after a county holds a voter-approved special levy. Currently, any money collected above the approved amount must be returned to the state. This bill allows the county where the levy was approved to keep any surplus money and place it directly into the county’s general fund, to be used like any other general fund revenue.
Key provisions
- Allows counties to retain surplus funds collected above voter-approved special levies.
- Directs surplus funds to be deposited into the county’s general fund.
- Specifies maximum levy rates for different property classes (Class I, II, III, and IV) for counties, municipalities, and county boards of education.
- Limits the duration of special levies to a maximum of five years, requiring voter reauthorization.
- Permits the issuance of bonds to finance increased levies, with a maximum term matching the levy period.
- Exempts the issuance of bonds from certain state regulations.
- Provides for resubmission of a levy question to voters if a primary election vote is against the measure.
Who is affected
- Counties in West Virginia
- County Commissions
- Municipalities in West Virginia
- County Boards of Education
- Taxpayers in West Virginia
Notable changes
- Changes the current rule requiring the return of surplus levy funds to the state.
Sponsors
Official sponsors from legislative records.
Primary sponsor
D. Smith
Cosponsor
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