Bill > SB231

This bill clarifies the rules for transferring excess funds from state licensing board special funds to the General Revenue Fund. Currently, when a board's cash balance exceeds a certain threshold (previously defined as twice the annual budget or $10,000, whichever is greater), the State Treasurer must transfer the excess amount to the General Revenue Fund. The bill modifies this threshold, changing it to an amount that exceeds the board's total revenues for the previous two fiscal years. Additionally, the bill introduces a new limitation that prevents more than $200,000 from being transferred from any single board's special fund in a single fiscal year. After such a transfer, the Legislative Auditor is required to review the board's fee structure to determine if its fees generate excessive revenue compared to its normal operating expenses. If the auditor finds that fees are generating more money than necessary, they must report their findings to the Legislature's Joint Standing Committee on Government Organization and provide recommendations for adjusting the fees to more closely match the board's operational needs.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=231&year=2025&sessiontype=RS&btype=bill