HOUSE CONCURRENT RESOLUTION NO. 91

(By Delegates Varner, Perdue and Campbell)

[Introduced March 6, 2003; referred to the

Committee on Rules.]


Requesting the Joint Committee on Government and Finance to make a study of the feasibility of allowing municipalities that elected to use the alternative funding method for their pension and relief funds to return to the standard funding method.

 Whereas, There is interest among municipalities which chose an alternative funding method for their pension and relief funds provided by this Legislature in 1992 to return to the prior "standard" funding method; and
Whereas, The potential financial ramifications of allowing those municipalities to return to the prior "standard" funding method bear further study to determine the feasibility of this course of action; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby requested to study the feasibility of allowing municipalities that elected to use the alternative funding method for their pension and relief funds to return to the standard funding method; and, be it
Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 2004, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the Joint Committee on Government and Finance.