ENROLLED
H. B. 204
(By Mr. Speaker, Mr. Chambers, and Delegate Ashley)
[By Request of the Executive]
[Passed October 16, 1996; in effect from passage. Approved by
the Governor.]
AN ACT supplementing, amending, transferring and reducing the
balance of funds from the broker litigation recoveries
fund, account no. fund 8564, and authorizing the transfer
of these funds to the revenue shortfall reserve fund,
account no. fund 2038, organization 0201, activity 999.
Whereas, The state has received settlements from litigation
regarding the losses the state incurred in its investment funds
and these funds were deposited in the broker litigation
recoveries fund; and
Whereas, There is no current appropriation or authorization
to expend funds from the broker litigation recoveries fund;
therefore
Be it enacted by the Legislature of West Virginia:
That the balance of funds from the broker litigation
recoveries fund, account no. fund 8564, be transferred to the revenue shortfall reserve fund, account no. fund 2038,
organization 0201, activity 999.
The purpose of this supplementary appropriation bill is to
provide for the transfer of the balance of funds from the
broker litigation recoveries fund, account no. fund 8564, to
the revenue shortfall reserve fund, account no. fund 2038,
organization 0201, activity 999.