HB 5291
Supplemental Appropriation to the Department of Administration - Board of Risk and Insurance Management from Special Revenue.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill provides a supplemental appropriation of $21 million from the Department of Administration’s Premium Tax Savings Fund to the Public Entity Insurance Trust Fund. The funds are being transferred from a directed transfer within the Premium Tax Savings Fund. This action allows the Public Entity Insurance Trust Fund to utilize these resources. The Governor requested this appropriation to address financial needs within the trust fund.
Key provisions
- A supplemental appropriation of $21,000,000 is allocated.
- Funds are transferred from the Premium Tax Savings Fund (Fund 2367) to the Public Entity Insurance Trust Fund (Fund 2363).
- The appropriation is for the fiscal year ending June 30, 2026.
- The appropriation is requested by the Governor.
- The funds are derived from unappropriated balances.
- The appropriation is made under W.V. Code Chapter 29.
- The transfer is designated as a ‘Directed Transfer’.
Who is affected
- Department of Administration
- Public Entity Insurance Trust Fund
- Risk and Insurance Management Board
Notable changes
- Funds are being reallocated between two state funds.
Fiscal impact
The bill appropriates $21,000,000 from the state’s general revenue.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Hanshaw (Mr. Speaker)
Cosponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours