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Bill > HB4427
WV HB4427
WV HB4427Relating to “unencumbered” special revenue accounts to be surrendered to general revenue under certain circumstances
summary
Introduced
01/16/2026
01/16/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to provide for the forfeiture of unencumbered funds in special revenue accounts and repayment of certain percentages of the special revenue accounts to the General Revenue Fund if these accounts have been inactive for designated periods. The bill also prohibits expenditures from these accounts pending the forfeiture of the funds.
AI Summary
This bill amends West Virginia Code §12-2-2 to require that "unencumbered" special revenue accounts, meaning those with no deposits or withdrawals, will have a portion of their funds forfeited and returned to the General Revenue Fund if they remain inactive for specific periods. Specifically, accounts inactive for over one year but less than two years will forfeit 25% of their funds, those inactive for over two years will forfeit 50%, and those inactive for over two years will forfeit 100%. The bill also prohibits any spending from these special revenue accounts while they are pending forfeiture and repayment to the General Revenue Fund.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
To House Revenue (on 01/29/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4427&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Treasurer's Office, WV | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=938185513 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4427%20intr.htm&yr=2026&sesstype=RS&i=4427 |
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