summary
Introduced
02/03/2026
02/03/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
02/16/2026
02/16/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to remove the 30% cap on municipal stabilization funds.
AI Summary
This bill proposes to remove a restriction that limits the amount of money a municipality can have in its budget stabilization fund to 30% of its most recent general fund budget. Currently, if a municipality's stabilization fund exceeds this 30% cap, the excess money must be transferred to another fund. This bill would eliminate that cap, allowing municipalities to accumulate more funds in their stabilization accounts without being forced to move the excess.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
To House Finance (on 02/17/2026)
Official Document
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=726&year=2026&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb726%20intr.htm&yr=2026&sesstype=RS&i=726 |
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