HB 5276
Supplemental Appropriation to the Department of Commerce-Division of Economic Development from the Unappropriated Surplus Balance
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill provides a supplemental appropriation to the West Virginia Department of Commerce’s Division of Economic Development. It uses a surplus balance from the State Fund, General Revenue to fund operations for fiscal year 2026. The funds will be transferred to the Economic Development Promotion and Closing Fund. This appropriation aims to support economic development activities within the state.
Key provisions
- Provides a supplemental appropriation to the Department of Commerce, Division of Economic Development.
- Uses funds from the unappropriated surplus balance of the State Fund, General Revenue.
- Allocates $40,000,000 to fund 0256, fiscal year 2026, organization 0307.
- Transfers appropriated funds to the Economic Development Promotion and Closing Fund (fund 3171).
- Addresses the fiscal year ending June 30, 2026.
Who is affected
- West Virginia Department of Commerce
- Division of Economic Development
- State of West Virginia (Treasury)
Notable changes
- Redirects funds from the general revenue appropriation to the Economic Development Promotion and Closing Fund.
Fiscal impact
The bill appropriates $40,000,000 from the State Fund, General Revenue to the Economic Development Promotion and Closing Fund.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Hanshaw (Mr. Speaker)
Cosponsor
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