H. B. 4842
(By Delegates Kiss, Burke, Farris,
Petersen, Pettit, Clements and Wallace
)
(Originating in the House Committee on Finance)
[February 27, 1996]
A BILL expiring funds to the unappropriated balance in the state
fund, general revenue, for the fiscal year ending the
thirtieth day of June, one thousand nine hundred ninety-six,
in the amount of one million dollars from the board of
investments, investment legal loss account, account no. fund
8563, and in the amount of one million dollars from the
board of investments, securities landing, fund no. 8565, and
making a supplementary appropriation of public moneys out of
the treasury from the unappropriated balance for the fiscal
year ending the thirtieth day of June, one thousand nine
hundred ninety-six, to the bureau of commerce, West Virginia
development office account no. fund 0256, fiscal year 1996,
organization 0307.
Whereas, The Legislative finds that the account balances in
the board of investments, investment legal loss account and board
of investments, securities lending, exceed the amount which is
necessary for the purposes for which the accounts were
established; and
Whereas, 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, one thousand nine
hundred ninety-six; therefore,
Be it enacted by the Legislature of West Virginia:
That the balance of funds available for expenditure in the
fiscal year ending the thirtieth day of June, one thousand nine
hundred ninety-six, in the board of investments, investment legal
loss account, account no. fund 8563, be decreased by expiring the
amount of one million dollars to the state fund, general revenue
and the balance of funds available for expenditure in the fiscal
year ending the thirtieth day of June, one thousand nine hundred
ninety-six, in the board of investments, securities lending,
account fund no. 8565, be decreased by expiring the amount of one
million dollars to the state fund general revenue, and that the
total appropriation for the fiscal year ending the thirtieth day
of June, one thousand nine hundred ninety-six, to the bureau of
commerce, West Virginia development office, account no. fund
0256, fiscal year 1996, organization 0307, be supplemented and
amended by increasing the total appropriation by two million
dollars as follows:
TITLE II--APPROPRIATIONS.
Sec. 1. Appropriations from general revenue.
75--West Virginia Development Office--
(WV Code Chapter 5B)
"WVFIMS" Account No.
Fund 0256 FY 1996 Org 0307
General
Act- Revenue
ivity Fund
10 Guaranteed Work
11 Force Grant (R) . . . . . . . . . 242 $2,000,000
Any unexpended balance remaining in the appropriation for
guaranteed work force grant (fund 0256, activity 242) at the
close of the fiscal year ending the thirtieth day of June, one
thousand nine hundred ninety-six is hereby reappropriated for
expenditure during the fiscal year ending the thirtieth day of
June, one thousand nine hundred ninety-seven.
The purpose of this bill is to expire the sum of one million
dollars from the board of investments, investment legal loss
account fund no. 8563, and to expire the sum of one million
dollars from the board of investments, securities lending,
account fund no. 8565, and to supplement the bureau of commerce,
West Virginia development office, account no. fund 0256, fiscal
year 1996, organization 0307, by adding thereto the two million
dollars to fund the guaranteed work force grant.