H. B. 104

(By Mr. Speaker, Mr. Chambers, and Delegate Ashley)
[By Request of the Executive]
[Introduced July 14, 1996; referred to the
Committee on Finance.]

A BILL making a supplementary appropriation of public moneys out of the treasury from the state fund, general revenue, from surplus accrued as of the thirty-first day of July, one thousand nine hundred ninety-six, and authorizing the transfer of these funds to the revenue shortfall reserve fund, account no. fund 2038, organization 0201, activity 999, supplementing and amending chapter eight, acts of the Legislature, regular session, one thousand nine hundred ninety-six, known as the "Budget Bill".

Be it enacted by the Legislature of West Virginia:
That section eight, chapter eight, acts of the Legislature, regular session, one thousand nine hundred ninety-six, be supplemented and amended following line fifty-three by adding the following:
After allocating funds as necessary to provide for the appropriations set forth in this section, the remainder of the surplus accrued as of the thirty-first day of July, one thousand nine hundred ninety-six, or fourteen million dollars of that surplus, whichever is less, shall be transferred to the revenue shortfall reserve fund, account no. fund 2038, organization 0201, activity 999.
The purpose of this bill is to provide for the transfer of the remainder of the surplus accrued as of the thirty-first day of July, one thousand nine hundred ninety-six, or fourteen million dollars of that surplus, whichever amount is less, to the revenue shortfall reserve fund established in section twenty, article two, chapter five-a of the code of West Virginia, one thousand nine hundred thirty-one, as amended. This transfer is being made to replenish the amounts of money being withdrawn from the fund for purposes of providing flood relief and funding water, sewer and other projects.