SB 821
Supplemental appropriation to Department of Administration, fund 2367
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 821 authorizes a supplemental appropriation of $21 million from the Department of Administration’s Premium Tax Savings Fund (fund 2367) to the Public Entity Insurance Trust Fund (fund 2363). This transfer is based on a recommendation from the Governor and aims to utilize unappropriated funds available within the Premium Tax Savings Fund. The funds will be directed to the Public Entity Insurance Trust Fund, which provides insurance coverage to West Virginia’s public schools and local governments.
Key provisions
- Allocates $21 million from fund 2367 to fund 2363.
- The appropriation is based on an unappropriated balance within the Premium Tax Savings Fund.
- The transfer is authorized by the Governor.
- The funds are designated for the Public Entity Insurance Trust Fund.
Who is affected
- West Virginia Public Schools
- Local Governments in West Virginia
- Department of Administration
- Public Entity Insurance Trust Fund
Notable changes
- Funds are being redirected from the Premium Tax Savings Fund to the Public Entity Insurance Trust Fund.
Fiscal impact
This bill will result in a transfer of $21 million in funds from the Premium Tax Savings Fund to the Public Entity Insurance Trust Fund.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Smith (Mr. President)
Cosponsor
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