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Introduced Version Senate Bill 462 History

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Senate Bill No. 462

(By Senators Cole (Mr. President) and Kessler,

By Request of the Executive)

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[Introduced February 12, 2015; referred to the Committee on Finance.]

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A BILL expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, for the fiscal year ending June 30, 2015, in the amount of $1,000,000 from the Auditor's Office - Purchasing Card Administration Fund, fund 1234, fiscal year 2015, organization 1200.

            Whereas, the Governor finds that the account balance in the Auditor's Office - Purchasing Card Administration Fund, fund 1234, fiscal year 2015, organization 1200, exceeds that which is necessary for the purpose for which the account was established; and

            Whereas, The Governor submitted to the Legislature the Executive Budget document, dated January 14, 2015, which included a Statement of the State Fund, General Revenue, setting forth therein the cash balance as of July 1, 2014, and further included the estimate of revenues for the fiscal year 2015, less net appropriation balances forwarded and regular appropriations for the fiscal year 2015 and further included recommended expirations to the surplus balance of the State Fund General Revenue; and

            Whereas, It appears from the Executive Budget document, Statement of the State Fund, General Revenue, and this legislation, there now remains an unappropriated surplus balance in the State Treasury which is available for appropriation during the fiscal year ending June 30, 2015; therefore

Be it enacted by the Legislature of West Virginia:

            That the balance of the funds available for expenditure in the fiscal year ending June 30, 2015, in the Auditor's Office - Purchasing Card Administration Fund, fund 1234, fiscal year 2015, organization 1200, be decreased by expiring the amount of $1,000,000 to the unappropriated surplus balance of the State Fund, General Revenue, to be available for appropriation during the fiscal year ending June 30, 2015.

            The purpose of this supplemental appropriation bill is to expire funds from the aforesaid account for the designated spending unit during the fiscal year 2015.

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