Senate Bill No. 495

(By Senator Edgell)

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[Introduced February 5, 2014; referred to the Committee on Agriculture and Rural Development; and then to the Committee on Finance.]

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A BILL to amend and reenact §19-12A-6a of the Code of West Virginia, 1931, as amended, relating to increasing the cap for collections into the Land Division special revenue account of the Department of Agriculture; and dividing amounts in excess of the cap evenly between the special revenue account and General Revenue Fund of the state.

Be it enacted by the Legislature of West Virginia:

    That §19-12A-6a of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:

ARTICLE 12A. LAND DIVISION.

§19-12A-6a. Special revenue account.

    All funds collected by the commission by virtue of this article, whether from the sale of food, the disposition of assets other than land, the lease of land or minerals, or any other source, shall be paid into a special revenue account to be used for the purposes of this article: Provided, That when the aggregate of said funds so collected and deposited in the special revenue account in any fiscal year total $1,500,000, the commission shall deposit any funds collected in excess thereof in the General Revenue Fund of the state. for any of these funds collected by the commission that exceed $3 million in any fiscal year, the commissioner shall deposit half into the special revenue account and half into the General Revenue Fund of the state.

    NOTE: The purpose of this bill is to increase the cap for collections into the land division special revenue account of the Department of Agriculture from $1.5 million to $3 million and to divide amounts in excess of cap evenly between said special revenue account and the General Revenue Fund of the State.

    Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.