Bill > HB5272

This bill proposes to significantly increase the funding for the West Virginia Flood Resiliency Trust Fund, which is part of the State Resiliency and Flood Protection Act, by allocating a total of $250 million. Specifically, $100 million will come from the Revenue Shortfall Fund, a fund used to address unexpected state revenue deficits, and $150 million will be transferred from excess money in the Income Tax Reserve Fund, which holds revenue from income taxes. This substantial one-time investment aims to "jumpstart" flood prevention initiatives by allowing the Resiliency Office to begin assisting flood-prone areas with measures to reduce or prevent future flooding, recognizing that severe and recurring flood events necessitate proactive preventive actions. The bill also outlines reporting requirements for the State Resiliency Officer and the State Resiliency Office Board regarding fund expenditures and potential requests for replenishment, and dedicates at least six percent of any future Community Development Block Grant-Disaster Recovery funds received for flood disaster events towards flood resiliency planning and implementation.

Government Affairs

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=5272&year=2026&sessiontype=RS&btype=bill