Senate Bill No. 1016
(By Senators Tomblin, Mr. President, and Sprouse,
By Request of the Executive
___________
[Introduced June 13, 2006; referred to the Committee on Finance
.]
___________
A BILL supplementing and amending chapter six, Acts of the
Legislature, regular session, two thousand six, known as the
budget bill, by supplementing and amending the appropriation
for the fiscal year ending the thirtieth day of June, two
thousand seven.
Be it enacted by the Legislature of West Virginia:
That chapter six, Acts of the Legislature, regular session,
two thousand six, known as the budget bill, be supplemented and
amended by creating Title II, section eight-a to read as follows:
Sec. 8a. Appropriations from lottery net profits surplus
accrued.
Any remaining surplus accrued balance in the Lottery Net
Profits as determined and certified by the Director of the Lottery
from the fiscal year ending the thirtieth day of June, two thousand
six, shall be transferred to the Consolidated Public Retirement
Board - West Virginia Teachers' Retirement System Employers Accumulation Fund (fund 2601).
The purpose of this supplementary appropriation bill is to
amend chapter six, Acts of the Legislature, regular session, two
thousand six, to create a new section in Title II of the Budget
Bill and to transfer funds to the Consolidated Public Retirement
Board - West Virginia Teachers' Retirement System Employers
Accumulation Fund (fund 2601).