Senate Bill No. 706

(By Senators Craigo, Sharpe, Jackson, Chafin, Prezioso,

Plymale, Love, Helmick, Bowman, Bailey, Anderson,

Edgell, Unger, McCabe, Boley, Minear and Sprouse)

____________

[Originating in the Committee on Finance;


reported March 29, 2001.]

_____________


A BILL making a supplementary transfer of public moneys out of the treasury from the unappropriated surplus balance in other funds, by transferring an amount not to exceed sixty thousand dollars which has accrued or will accrue from the treasurer's office, tobacco company settlement proceeds, account no. fund 1316, organization 1300, to the department of administration, public employees insurance agency, nonstate health claims fund, account no. fund 2183, organization 0225.

WHEREAS, The money has been recovered from a settlement with the Ligget group, one of the tobacco companies sued by the public employees insurance agency. The lawsuit seeks to recover moneys expended by the public employees insurance agency for treatment of members in its plan for illness related to tobacco use. This money will be used by the public employees insurance agency to pay for medical treatment of public employees insurance agency insureds and legal fees associated with the settlement with the Ligget group; and
WHEREAS, The governor has established that there now remains an unappropriated surplus balance in the treasurer's office, tobacco company settlement proceeds, account no. fund 1316, organization 1300, available for transfer; therefore
Be it enacted by the Legislature of West Virginia:
That an amount not to exceed sixty thousand dollars which has accrued or will accrue in the unappropriated surplus balance of the treasurer's office, tobacco company settlement proceeds, account no. fund 1316, organization 1300, be decreased and expired by transferring an amount not to exceed sixty thousand dollars to the department of administration, public employees insurance agency, nonstate health claims fund, account no. fund 2183, organization 0225.
The purpose of this bill is to decrease and expire a sum not to exceed sixty thousand dollars which has accrued or will accrue in the unappropriated surplus balance in other funds, account no. fund 1316, organization 1300, by transferring an amount not to exceed sixty thousand dollars to account no. fund 2183, organization 0225, to pay for medical treatment of public employees insurance agency insureds and legal fees associated with the settlement with the Ligget group.