Decreasing and increasing existing items of appropriations from State Fund, General Revenue
Impact
The impact of SB 715 on state laws is primarily fiscal, as it adjusts the allocation of public moneys without changing existing laws or creating new regulations. The reallocation of funds may enhance the operational capabilities of the Department of Commerce while potentially restricting resources available to the Department of Economic Development. The bill's passage indicates a strategic shift towards prioritizing commerce and trade initiatives within the state budget.
Summary
Senate Bill 715 pertains to the financial appropriations within the West Virginia State Treasury. Specifically, the bill supplements and amends the appropriations of public funds out of the State Fund, General Revenue. By decreasing certain appropriations to the Department of Economic Development, the bill reallocates those funds to the Department of Commerce. This action is part of a broader effort to manage the state's budgeting effectively and ensure that funds are directed where they are most needed for the fiscal year ending June 30, 2022.
Sentiment
Discussion around the bill appeared largely non-controversial, as it passed unanimously in the legislature with a vote of 100-0. This consensus suggests that lawmakers recognize the need for budgetary adjustments in response to the state's financial situation. However, the specifics of reducing funding in one department while increasing it in another could lead to future discussions regarding the efficacy and impact of these budget priorities.
Contention
Although SB 715 did not generate significant contention during discussions, the potential effects of decreased funding on the Department of Economic Development may warrant further scrutiny in the future. Stakeholders might express concerns over how such budgetary changes could influence local economic initiatives and development efforts. Thus, while the bill was passed easily, the long-term ramifications could invoke a range of sentiments from concerned parties in the state's legislative and economic communities.
Similar To
Supplementing and amending appropriations by decreasing items of appropriation to the Department of Economic Development - Office of the Secretary and increasing items of appropriation to the Department of Commerce - Office of the Secretary
Supplementing and amending appropriations by decreasing items of appropriation to the Department of Economic Development - Office of the Secretary and increasing items of appropriation to the Department of Commerce - Office of the Secretary
Supplementing, amending, and increasing existing items of appropriation from the State Road Fund to the Department of Transportation, Division of Motor Vehicles
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.