Changing percent of fees retained by Auditor
This bill changes the percentage of fees collected by West Virginia's Auditor for securities regulation that must be retained in the securities division's operating fund, increasing it from 20% to 30%. It directly affects the Auditor's office and the securities division, which manages financial regulations and oversight. The key provision requires the Auditor to deposit 30% of all fees collected under Chapter 32 (securities regulations) into the special operating fund, rather than 20%, while still transferring any excess funds above 20% of gross revenues to the General Revenue Fund. This adjustment increases funding available for the securities division's operations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 13, 2025
Last action Feb 13, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Feb 13, 2025
Introduced
Introduced in Senate
upper
Feb 13, 2025
Committee
To Finance
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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