SB 607 West Virginia Senate · 2025 Regular Session

Expiring funds to unappropriated surplus balance in State Fund from Economic Development Fund

This bill transfers $25 million from the Economic Development Fund (fund 9060) to the unappropriated surplus balance in the General Revenue State Fund for fiscal year 2025. It directly affects state budget accounting by making unused economic development funds available for other state appropriations during the same fiscal year. The key mechanism is a simple reallocation of funds - expiring the unspent amount in the Economic Development Fund to the General Revenue surplus. This procedural change does not alter spending priorities but adjusts how unspent funds are handled in the state budget.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025 Last action Feb 26, 2025
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3
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0
Committee
1
Feb 26, 2025
Introduced
Introduced in Senate
upper
Feb 26, 2025
Committee
To Finance
upper
1 primary · 0 co-sponsors

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Legislator
Party
State
District
P
Photo of Jason Barrett
Jason Barrett
RRepublican
WV
16