H. B. 224


(By Mr. Speaker, Mr. Kiss, and Delegate Trump)

[By Request of the Executive]

[Introduced June 13, 2003; referred to the

Committee on Finance.]




A BILL expiring funds to the unappropriated balance in the state excess lottery revenue fund, for the fiscal year ending the thirtieth day of June, two thousand three, in the amount of nineteen million dollars from the economic development authority - economic development project fund, fund 3167, fiscal year 2003, organization 0307; and transferring funds not to exceed the amount of four million dollars to the balance of the workers' compensation fund, fund 3440, fiscal year 2003, organization 0322.

WHEREAS, The Legislature finds that the fund balance in the economic development authority - economic development project fund, fund 3167, fiscal year 2003, organization 0307, exceeds that which is necessary for the purposes for which the account was established; therefore
Be it enacted by the Legislature of West Virginia:
That chapter five, acts of the Legislature, first extraordinary session, two thousand three, known as House Bill 105, be supplemented and amended to read as follows:
That the balance of funds available for expenditure in the fiscal year ending the thirtieth day of June, two thousand three, in the economic development authority - economic development project fund, fund 3167, fiscal year 2003, organization 0307, be decreased by expiring the amount of nineteen million dollars to the unappropriated balance in the state excess lottery revenue fund.
And, that from the unappropriated balance of the state excess lottery revenue fund, an amount not to exceed four million dollars as determined by the director of the lottery commission, be transferred to the balance of the workers' compensation fund, fund 3440, fiscal year 2003, organization 0322.
The purpose of this supplemental appropriation is to expire funds to the unappropriated balance in the state excess lottery revenue fund from the economic development authority - economic development project fund, fund 3167, fiscal year 2003, organization 0307; and to transfer funds to the workers' compensation fund, fund 3440, fiscal year 2003, organization 0322 from the unappropriated balance in the state excess lottery revenue fund.