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Engrossed Version Senate Bill 4014 History

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ENGROSSED

Senate Bill No. 4014

(By Senators Helmick, Sharpe, Chafin, Prezioso,

Edgell, Love, Bailey, Bowman, McCabe, Unger, Minear, Boley,

Facemyer, Yoder, Guills and Sprouse)

____________

[Originating in the Committee on Finance;

reported September 8, 2005.]

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A BILL making a supplementary appropriation of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated balance in the State Excess Lottery Revenue Fund, to the Lottery Commission - Excess Lottery Revenue Fund Surplus, fund 7208, fiscal year 2006, organization 0705, by supplementing and amending the appropriation for the fiscal year ending the thirtieth day of June, two thousand six.

WHEREAS, The Governor submitted to the Legislature a statement of the State Excess Lottery Revenue Fund, dated the seventh day of September, two thousand five, setting forth therein the cash balance as of the first day of July, two thousand five; and further included the estimate of revenue for the fiscal year two thousand six, less regular appropriations for the fiscal year two thousand six; and
WHEREAS, It appears from the Governor's Statement of the State Excess Lottery Revenue Fund there now remains an unappropriated balance in the state treasury which is available for appropriation during the fiscal year ending the thirtieth day of June, two thousand six; therefore
Be it enacted by the Legislature of West Virginia:
That the total appropriation for the fiscal year ending the thirtieth day of June, two thousand six, to fund 7208, fiscal year 2006, organization 0705, be supplemented and amended to read as follows:
TITLE II--APPROPRIATIONS.

Sec. 5. Appropriations from State Excess Lottery Revenue Fund.

253-Lottery Commission-

Excess Lottery Revenue Fund Surplus

Fund 7208 FY 2006 Org 0705

1Unclassified - Total - Transfer402
$12,900,000

2
Unclassified - Transfer482
34,930,942

The above appropriation for Unclassified - Total - Transfer (activity 402) shall be transferred to the General Revenue Fund only after all funding required by section eighteen-a, article twenty-two, chapter twenty-nine of the code has been satisfied as determined by the Director of the Lottery.
From the above appropriation for Unclassified - Total - Transfer, fund 7208 (activity 482), eleven million dollars shall be transferred to the Consolidated Public Retirement Board - West Virginia Department of Public Safety Death, Disability and Retirement Fund (Fund 2160) and twenty-three million nine hundred thirty thousand nine hundred forty-two dollars shall be transferred to the Consolidated Public Retirement Board - West Virginia Teachers' Retirement System Employers Accumulation Fund (Fund 2601) only after all other funding required, including that in the paragraph above, has been satisfied as determined by the Director of the Lottery.
The purpose of this supplementary appropriation bill is to add a new item of appropriation in the aforesaid account for the designated spending unit for expenditure during the fiscal year two thousand six.
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