Expiring funds from WV Economic Development Authority
SB 775 redirects $28,564,089.61 in unused funds from the West Virginia Economic Development Authority's Economic Development Project Bridge Loan Fund (fund 9066) to the state's General Revenue Fund surplus. The bill expires these funds, which the Governor's budget identified as exceeding necessary balances for the fund's purpose. This transfer makes the money available for general state appropriations during fiscal year 2025. The bill does not create new policies or affect specific individuals or businesses - it solely reallocates existing unspent funds.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 17, 2025
Last action Mar 17, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Mar 17, 2025
Introduced
Introduced in Senate
upper
Mar 17, 2025
Committee
To Finance
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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