WV
West Virginia Senate Bill SB637

West Virginia 2022 Regular Session

West Virginia Senate Bill SB637

Introduced
2/15/22  
Refer
2/15/22  
Report Pass
2/18/22  
Engrossed
2/23/22  
Refer
2/24/22  
Refer
2/24/22  
Enrolled
3/7/22  
Passed
3/15/22  

Caption

Supplementing and amending appropriations to Executive, Governor’s Office – Civil Contingent Fund

Impact

The bill's passage is expected to have a notable impact on state financial operations, particularly in how the available funds from the General Revenue are allocated towards local economic development initiatives. By supplementing this funding, SB637 seeks to bolster programs that support business growth and community investment, which are crucial for enhancing the state's economic landscape. Importantly, this bill ensures that the Governor has the tools necessary to respond to urgent local economic needs through targeted funding.

Summary

Senate Bill 637 aims to supplement and amend the appropriations out of the State Treasury for the fiscal year 2022. This bill specifically allocates funds to the Governor's Office Civil Contingent Fund, focusing on local economic development assistance. The significance of this bill lies in its attempt to manage state resources effectively by utilizing the remaining unappropriated balance of the State Fund, General Revenue, which can be applied to various programs to stimulate economic activity within the state.

Sentiment

The sentiment surrounding SB637 appears to be generally positive, especially among proponents of economic development initiatives. Supporters view this bill as an essential mechanism for providing local resources necessary for growth and sustainability during challenging economic times. However, there may still be some concerns regarding how effectively these additional funds will be managed and if they will reach the intended programs, reflecting a cautious optimism in its support.

Contention

While the overall reception of SB637 has been favorable, some points of contention remain regarding the distribution of the appropriated funds. Critics may voice concerns about transparency and the criteria used for allocating financial resources, specifically how the fund's effectiveness will be measured and reported. The debate may center on ensuring that funds are equitably distributed to support diverse economic needs across various regions of West Virginia.

Latest SB637 Activity

Companion Bills

WV HB4720

Similar To Supplementing and amending the appropriations to the Executive, Governor’s Office – Civil Contingent Fund

Similar Bills

MD SB360

Budget Bill (Fiscal Year 2025)

MD HB350

Budget Bill (Fiscal Year 2025)

MD SB181

Budget Bill (Fiscal Year 2024)

MD HB200

Budget Bill (Fiscal Year 2024)

PA HB611

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

MD HB300

Budget Bill (Fiscal Year 2023)