West Virginia Senate Bill SB1007

West Virginia 2024 1st Special Session

• Introduced: 5/19/24
• Engrossed: 5/20/24
• Enrolled: 5/20/24
• Passed: 5/24/24
• Chaptered: 5/30/24

Caption

Supplementing and amending appropriations to Higher Education Policy Commission, Control Account

Impact

The passage of SB1007 is expected to significantly impact funding for higher education in West Virginia. By providing these supplemental appropriations, the bill aims to address existing financial challenges faced by colleges and universities, thereby fostering an environment conducive to educational growth and access. The funds allocated through this bill are projected to support initiatives that enhance student accessibility and resources, ultimately contributing to the elevation of educational standards across the state.

Summary

Senate Bill 1007 is an act designed to supplement and amend the appropriations of public funds out of the Treasury for the fiscal year ending June 30, 2024. The bill focuses specifically on the Higher Education Policy Commission, allocating substantial funding to support various higher education programs. A key element of this bill is the creation of new appropriations, which includes a $40 million allocation for the Higher Education Grant Program and additional funds for support directed towards colleges and universities, thereby enhancing the financial resources available to these institutions for the coming fiscal year.

Sentiment

The sentiment around SB1007 has appeared largely positive, as seen in the voting records where the bill received significant bipartisan support, passing with 81 votes in favor and only 5 against. This reflects a consensus among lawmakers that increased funding for higher education is a critical priority. Advocates for the bill assert that this investment will promote the long-term viability and competitiveness of West Virginia’s educational institutions, although some apprehensions about fiscal sustainability may linger among a minority of legislators.

Contention

While the overall reception of SB1007 has been favorable, discussions surrounding the bill have not been devoid of contention. Some legislators expressed concerns about the potential long-term implications of continually increasing appropriations without accompanying revenue strategies. There is a recognition that while immediate funding is crucial for addressing current educational needs, careful consideration must be given to ensure sustainable fiscal practices are maintained to support future appropriations.