Video & Transcript : 'fund transfers' :
Page 103 of 500
ID
Transcript Highlights:
- I'm sorry, not a general fund, a fund transfer.
- This first one is a transfer of $716,000 into our aquifer monitoring and measuring fund.
- This fund transfer to cover these personnel costs has been ongoing since the Great Recession and was
- The 20-year annual loan repayment that funds this transfer concludes in fiscal year 2028.
- We received $250 million in ARPA funding, and this is where we've allocated those funds.
Committee:
Senate Resources and Environment
MN
Minnesota 2025-2026 Regular Session
Committee on Energy, Utilities, Environment and Climate - 04/07/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- the general fund target.
- appropriation in that fund to fund the Climate Innovative Finance Authority.
- The Climate and Economic Development Fund and there's a statutory appropriation in that fund to fund
- </c> 2454 and that's a $2 million transfer. 2454 and that's a $2 million transfer.
- for that funding gap.
TX
Transcript Highlights:
- I request funds to U.S.
- And I assume that this match of federal funds and state funds.
- revenue dedicated to the state program fund. $3,057,278, which continues the 2425 funding levels.
- Funding in all funds for the rural health program to support quality health care for rural Texas.
- There's small request because we have the program transferred to us from WIC but we did not get the funding
Committee:
Senate Finance
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jun 21st, 2026 at 01:00 pm
Joint Committee on Revenue
Transcript Highlights:
- Los Angeles, through the measures of ULA, now applies a transfer tax on properties over $5 million.
- San Francisco has a progressive transfer tax that targets luxury transactions, and its market remains
- The lesson is clear: graduated deed and transfer taxes do not collapse markets.
- It establishes a housing down payment trust fund administered by the Executive Office of Housing and
- It funds grants for down payment assistance for first-time homebuyers purchasing single-family homes
Committee:
Joint Joint Committee on Revenue
Summary:
The Joint Committee on Revenue held a hearing on several housing-related bills, with chairs Adrienne Madaro and James Eldridge framing the discussion as part of the Legislature’s broader response to the state’s housing crisis and noting that many of the bills build on the 2024 Affordable Homes Act. The chairs reviewed hearing procedures, including the three-minute oral testimony limit, the option to submit written testimony, and the hybrid format. No votes were taken during the hearing.
Testimony began with support for H. 3278, a bill to create a graduated deed excise tax for affordable housing. Representative Worel argued that higher-end real estate transactions should contribute more to fund affordable housing production, saying the measure would not burden working families and would help address racial inequities in homeownership and displacement. Representative Soder then supported H. 3247, which would promote redevelopment of abandoned buildings through expanded tax incentives for renovating vacant properties for sale or rent, arguing that it would bring blighted units back into use and generate future tax revenue.
The committee also heard testimony on H. 3040/S. 1969, residential improvement or R-PACE legislation. Robert Giles of Home Run Financing and Nicole Steele of Amalgamated Bank described the program as a voluntary, assessment-based financing tool that could help homeowners pay for energy efficiency, resilience, and other major repairs without upfront costs, and said it could complement existing Mass Save programs while expanding access to more homeowners. In contrast, Judith Lieben of the Massachusetts Law Reform Institute opposed H. 3039/S. 1946, the Housing Development Incentive Program bill, arguing it would expand subsidies for market-rate and luxury housing in Gateway Cities instead of directing resources to low-income renters. Representative Hawkins also testified in support of H. 3121, which would end large investor control of homes in Massachusetts by imposing an excise tax on large owners of small residential properties and using the revenue for first-time homebuyer down payment assistance. After testimony and a few member questions, the chairs asked whether anyone else wished to testify and then adjourned the hearing.
NM
Transcript Highlights:
- We use general fund and then we use the early childhood trust fund.
- They invest in very liquid funds, very secure liquid funds.
- Can that be— Funds that are under its control, interagency transfers or interagency services are where
- There's a fund transfer in the current version of House Bill 2 of another almost $5 million to help beef
- There's a fund transfer in the current version of House Bill 2 of another almost $5 million to help beef
Committee:
Senate House Appropriations & Finance
Summary:
The committee first took up Senate Bill 241 and reviewed a Senate Finance Committee substitute that incorporated several amendments. Staff explained changes related to the child care fund, residency determinations for federally eligible applicants, expanded child care assistance eligibility for grandparents raising grandchildren and foster parents, updated payment-rate rulemaking, tribal child care sovereignty and culturally appropriate services, limits on land grant permanent fund use for nonsectarian/non-denominational services, provider licensure pathways, and reporting clarifications. Members also discussed whether the bill would maximize federal and state child care tax benefits and how the nonsectarian language would apply to faith-based child care providers. The committee adopted the substitute and then passed it on a 7-3 vote.
The committee then moved into House Bill 2 budget language review, focusing on budget adjustment authority and other fiscal provisions. Members discussed proposed BAR language for the State Investment Council, State Treasurer, PERA, and the Economic Development Department, with concerns about caps, whether the language was too broad, and whether some items should revert to existing law or be removed. The committee approved some of the BAR language items, but flagged the Treasurer and Economic Development provisions for later review. Members also discussed extending certain appropriations and project timelines, including a Rio Grande Trail Commission item and several IT and public safety projects, generally favoring extensions where work was still underway.
The committee then debated proposed public school support language that would bar PED from approving budgets for schools with fewer than 180 instructional days and from approving new moves to four-day school weeks. Several members argued the 180-day language conflicted with existing statute, which is based on instructional hours, and that the four-day-week restriction could have unintended consequences. The committee ultimately voted down both public school support provisions. The meeting ended with a brief discussion of reviewing the rest of House Bill 2 and related supplemental and language items in the next session, and then adjourned.
MD
Transcript Highlights:
- </c><00:10:34.040><c> a</c> owner from selling or transferring a owner from selling or transferring a
- Senate Bill 668, Senator Harris, Children's Cabinet Fund Renaming and Funding for Grants to Local Management
- Cabinet Fund renaming and funding<01:09:54.240><c> for</c><01:09:54.400><c> grants</c><01:09:54.720>
- funding for grants to local management boards. boards. boards.
- House Bill 738, Delegate Phillips, real property transfer on death deed establishment.
ID
Transcript Highlights:
- That's just because their funding entirely comes from federal funds and dedicated funds.
- fund is we appropriate general fund appropriation and then we transfer it to the fire suppression deficiency
- fund.
- funds from.
- occurring for many years in their agency, and it transfers the money to a dedicated fund.
Committee:
Senate Resources and Environment
WA
Washington 2025-2026 Regular Session
Senate Transportation Feb 24th, 2026
Transcript Highlights:
- They were originally issued for funding the state's DOT headquarters, some federal match funds, and for
- funding, as well as restoring funding in regional mobility and transit coordination grants.
- Vanpool funding, as well as restoring funding in regional mobility and transit coordination grants.
- Please fully fund CCA money and include the funding for those essential new rail projects in the state
- From a WSDOT delivery standpoint, funding uncertainty increases the risk of delayed advertising, Funding
Summary:
The Senate Transportation Committee held public hearings on three bills: SB 6225, a proposed substitute bond bill authorizing transportation funding bonds; SB 6005, the proposed substitute supplemental transportation budget; and SB 6354, a bill to expand access to electric vehicles through limited direct sales by qualifying EV-only manufacturers and changes to the documentary service fee. Staff explained that SB 6225 would authorize $1.1 billion in general obligation bonds, an additional $400 million for selected Move Ahead Washington highway projects, a $500 million increase in SR 520 bond authority, and the expiration of some older unused bond authorizations. For SB 6005, staff described a $17.5 billion supplemental budget with $1.5 billion in new funding, including reappropriations, preservation and maintenance spending, ferry investments, Climate Commitment Act-related adjustments, and a six-year balanced plan through 2031. For SB 6354, staff outlined the direct-sales framework for qualifying EV manufacturers, dealer licensing requirements, penalties for violations, and a fee increase that would direct revenue to EV rebates and multimodal transportation.
Testimony on the budget and bond bills was broadly supportive from transit, local government, labor, construction, ports, and climate advocates, who praised preservation funding, ferry investments, safety programs, EV charging, rail electrification, and flood-response or local project funding. Several witnesses asked for specific project or account changes, including support for Skagit Transit, Day Road and Poplar Way bridge-related funding, Spokane TMC operating support, Kent corridor funding, and additional rail capital projects. Some speakers also urged more Climate Commitment Act funding for EV rebates, charging, and rail electrification, while others warned against deeper cuts to local programs and stressed the need for long-term preservation and bonding to stabilize the system.
Testimony on SB 6354 was sharply divided. Rivian, Lucid, and several Washington auto dealers supported the bill as a compromise that would allow limited direct sales for EV-only manufacturers while preserving franchise protections and generating revenue for EV rebates. Climate advocates supported the bill as a way to accelerate EV adoption and asked that more of the fee revenue go to instant rebates for low-income buyers. In opposition, the Alliance for Automotive Innovation and Honda argued the bill creates unequal rules, weakens the franchise system, and was not the product of a true compromise. The committee announced that SB 6225 and SB 6005 would be in executive session Thursday at 8 a.m., with amendments due by noon the prior day, while SB 6354 would be scheduled for executive action later.
WA
Washington 2025-2026 Regular Session
House Appropriations Jan 12th, 2026
Transcript Highlights:
- In addition, there are some fund transfers that are included in the budget.
- account into the general fund.
- Notably, there are a number of fund shifts to dedicated funds across a number of agencies, particularly
- This is not new funding.
- funding.
Summary:
The House Appropriations Committee opened with committee guidelines for the 2026 session, including limits on testimony, amendment deadlines, confidentiality expectations, and professionalism rules. Chair Ormsby also reviewed housekeeping for the public hearing, noting the meeting was recorded and live streamed, and that testimony would be limited to one minute because of the large number of sign-ups. The committee then began its work session on Governor Ferguson’s proposed 2026 supplemental operating budget, presented by OFM Director Katie Chapman, who outlined the state’s fiscal pressures: higher caseloads in major programs, a revenue forecast decline of about $390 million, federal policy changes tied to H.R. 1, inflation, and a relatively small ending fund balance. She said the governor’s budget solves about a $2.3 billion shortfall through nearly $800 million in spending reductions, revenue shifts, fund transfers, use of about $1 billion from the Budget Stabilization Account, and some tax preference changes, while also making targeted investments in areas such as child welfare, behavioral health, wildfire response, housing, and IT modernization. Chapman also explained that the proposal does not fully balance over the four-year outlook under the state’s statutory assumptions, but said the governor relied on the budget-balance law’s exception tied to BSA use and low employment growth. A question from Rep. Connors about credit ratings was answered with the view that the impact is difficult to predict and that Washington’s strong pension funding and balanced-budget framework remain positives.
The public hearing drew testimony from state officials and many advocates, most of whom opposed specific cuts or fund shifts in the governor’s proposal. Secretary of State Steve Hobbs objected to proposed sweeps from the corporations and charities fund and the library archives account, citing prior cuts, layoffs, cyberattack-related costs, and the need to upgrade aging systems. Commissioner of Public Lands Dave Upthegrove urged restoration of wildfire prevention funding, saying the proposed amount was still $30 million short of the commitment in House Bill 1168 and that underfunding would increase suppression costs and risk to communities. Many education witnesses opposed reductions to Working Connections Child Care, transition to kindergarten, local effort assistance, Running Start, and higher education across-the-board cuts, arguing they would harm access, equity, and workforce development. Higher education leaders from community colleges, the University of Washington, Western Washington University, and Evergreen State College described staffing cuts, program reductions, and pressure on student services, while K-12 groups and OSPI said the budget would deepen existing funding gaps.
A large portion of testimony focused on human services, health, housing, and civil legal aid. Child welfare and youth-serving organizations supported some targeted investments but opposed cuts to child care, child welfare network administration, and youth programs; advocates for foster youth, homeless youth, and mentoring programs asked for continued or increased funding. Health care and long-term care providers warned that proposed Medicaid and rate changes would reduce access for seniors, people with disabilities, and safety-net patients, while Planned Parenthood and abortion access advocates urged full restoration of the Abortion Access Project and related reimbursements. Housing and legal aid witnesses backed the governor’s proposed right-to-counsel funding but asked for more support, and homelessness advocates sought contingency funding for federal housing programs. Crime victim and domestic violence service providers repeatedly said the proposed $12 million was far short of the roughly $21.38 million needed to avoid service cuts and closures. Other testimony addressed the Climate Commitment Account shift for the Working Families Tax Credit, with environmental advocates opposing the diversion of CCA dollars and workforce advocates supporting the governor’s economic security and employment programs. No votes or formal committee action were taken during the hearing portion described in the transcript.
LA
Transcript Highlights:
- Staffing and funding all kind of dictate where we can go.
- I talked about the geographical transfer earlier.
- is in those courses to keep up our Title I funding.
- And I'm assuming you're going to tell me funding? No, not funding.
- And I'm assuming you're going to tell me funding? No, not funding.
Committee:
House Administration of Criminal Justice
Summary:
The committee held an oversight discussion on Louisiana’s reentry landscape, with Chair Villio emphasizing that the hearing was informational only and that no bills were being considered. Department of Public Safety and Corrections officials outlined the state’s reentry mission and current programming in state facilities, local jails, regional reentry centers, and STEP facilities. They described services including literacy and GED preparation, career and technical education, industry certifications, postsecondary partnerships, mental health and substance abuse treatment, victim impact and trauma programming, and pre-release assistance such as state IDs, birth certificates, Social Security cards, Medicaid, SNAP, and driver’s licenses. Officials also discussed a new data-sharing MOU with DCFS for child support matters and a planned “return portal” with Louisiana Works to connect incarcerated people to jobs and training aligned with labor market needs.
A major focus was the reentry court program at Angola for men and at the Louisiana Correctional Institute for Women. Assistant Secretary DeLouche and Assistant Warden Easley explained that the program is limited to nine judicial districts, requires judge and district attorney consent, and includes a two-year institutional phase followed by three years of intensive supervised probation. Participants must earn a HiSET if needed, complete multiple certifications and life-skills programs, and then petition for resentencing; officials said the program’s current recidivism rate is under 14 percent. They also highlighted specialized offerings such as vocational mentoring, a Braille transcription and repair program, and family-focused events like a father-daughter dance.
Testimony from employers and local officials was broadly supportive. Eric Lane described hiring formerly incarcerated workers through the parole project and said the program solved problems he had seen with halfway-house placements by helping people secure housing, IDs, and licenses before release. Sheriff Kevin Cobb said sheriffs are active partners, with 51 of 64 parishes offering some form of programming and more than 75 percent of local facilities providing services; he stressed that local jail programming has grown over time and that data collection is improving. Members repeatedly asked for more data on recidivism, employment outcomes, and what programs are available by parish, and several praised the department and sheriffs for the work already being done. No votes were taken.
WV
West Virginia 2026 Regular Session
WV Senate Transportation and Infrastructure Committee in Session Mar 9th, 2026 at 06:35 pm
Transcript Highlights:
- So the amendment would say that you could not transfer transponders.
- You cannot transfer those. You would be violating the agreement currently.
- The single-fee transponders may not be transferred between vehicles.
- They should not; I want them not to be able to transfer.
- And so that transferability is going to go away, we believe, in the...
Summary:
The Senate Infrastructure Committee first returned to engrossed House Bill 4419, which would require the West Virginia Parkways Authority to hold public hearings and give notice before increasing tolls, rents, fees, or charges, and would allow legislative auditing of related revenues and sinking funds. The committee debated two amendments related to E-ZPass transponders: one from the Senator from Jefferson to clarify that the Parkway Authority would not be required to read every plate failed on a 4-4 tie, and one from the Senator from Wetzel to codify a restriction on transferring single-fee transponders between vehicles was rejected after discussion with counsel and the Parkways Authority about current policy, convenience for users, and possible effects on the bill. The committee then approved a motion to send HB 4419 to the full Senate with a recommendation that it do pass, but first be referred to Finance, and a separate motion to send it to Finance passed.
The committee also considered engrossed House Bill 4563, on which Senator Randolph moved for a second reference to Finance because of fiscal concerns. After discussion of the newly filed fiscal note and the bill’s potential revenue impact, that motion failed by a 4-5 division vote. The committee then voted to report HB 4563 to the full Senate with a recommendation that it do pass.
Finally, the committee took up House Bill 4538, which increases fines and penalties for failing to obey traffic control instructions or speeding in construction and work zones, and also references penalties tied to distracted driving provisions. Counsel noted the bill’s possible overlap with existing vehicular homicide penalties and that it had no fiscal note. Jason Pizzitella of the Contractors Association testified in support, emphasizing work-zone safety and recent fatalities, while senators from Fayette, Randolph, and Jefferson also supported the bill and discussed the need to protect workers and drivers. The committee adopted a motion to report HB 4538 to the full Senate with a recommendation that it do pass, and then adjourned.
FL
Florida 2025 Regular Session
December 2, 2025 - 03:30 PM
Transcript Highlights:
- done through what's called intergovernmental transfers Itt's to fund Medicaid supplemental payment states
- Igt czar transfers of public funds from non Medicaid, governmental entities such as local governments
- funding change.
- Funded. To 75 to 75% as required. Federal change to work forest.
- Arpa fund of. >> They have on the our funds that is reached his period of performance and those funds
MN
Transcript Highlights:
- So this relates to funding for additional funding on top of base funding for critical access nursing
- And then a million of that is being transferred to the general fund.
- is transferred to the general fund.
- and then that um uh amount is fund and then that um uh amount is transferred<02:10:12.880><c> to</c>
- </c><02:10:14.480><c> Um</c> transferred to the general fund. Um transferred to the general fund.
Committee:
Senate Finance
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 On Corrections, Public Safety, Judiciary, Labor and Transportation Feb 26th, 2026
Transcript Highlights:
- To begin with, since 2009-10, nearly $1.7 billion was transferred out of the fund either to the General
- To begin with, since 2009-10, nearly $1.7 billion was transferred out of the fund either to the general
- This effectively backfilled the $1.4 billion that had been transferred out of the construction funds
- And should we be funding from the General Fund into those funds based on...
- Should we be funding from the General Fund into those funds based on what the needs are?
Summary:
The Senate Budget Subcommittee on Corrections, Public Safety, Judiciary, Labor, and Transportation held a hearing focused on courthouse facility funding and the Governor’s budget proposals for the judicial branch. The Legislative Analyst’s Office outlined the state’s courthouse funding structure, including the Trial Court Facilities Act, the main facility funds, the fixed county facility payment, and the heavy reliance on General Fund backfill. LAO also explained that the state’s construction funds were depleted after large transfers and declining fine-and-fee revenue, leaving a backlog of roughly 80 construction projects and more than 22,000 deferred maintenance projects statewide. Members and witnesses discussed the long timelines for capital projects, the need for reassessments, and the impact of inflation, CEQA, and site acquisition delays.
Judicial branch representatives, including Justice Hill, Judge Moorman, and Judge Tapia, testified that courthouses across the state face serious seismic, ADA, security, and maintenance problems. They described cost-cutting efforts in design and construction, but emphasized that many facilities are aging and unsafe, with examples from Los Angeles, Compton, Ukiah, and other courts involving flooding, elevator failures, asbestos issues, and closures that disrupted thousands of cases. Judge Moorman highlighted the Ukiah courthouse replacement as an example of a project that is on time and on budget and would improve access, safety, and community services. Judge Tapia stressed that deferred maintenance in Los Angeles County alone exceeds $1.4 billion and argued that preventive maintenance is fiscally prudent because emergency repairs and closures are more costly.
Committee members pressed the panel on how priorities are set, whether caseload and population growth are adequately reflected, how quickly projects can be accelerated, and what level of funding would actually meet statewide needs. The Department of Finance and Judicial Council staff explained that the county contribution is fixed and not inflation-adjusted, that acquisitions require willing sellers and can be delayed by CEQA and market conditions, and that the Judicial Council’s prioritization process was based on 2019 criteria that may need updating. LAO cautioned that any new General Fund commitment would require tradeoffs with other state priorities and suggested the Legislature decide what level of funding it is willing to support. The committee also reviewed the Governor’s budget proposals for courthouse facilities, which include backfill for the construction fund, selected new construction and judgeship-related projects, and major facility modifications such as the Orange County Central Justice Center and relocation of Los Angeles courtrooms from the Spring Federal Building.
MN
Transcript Highlights:
- </c> money and spend it and do transfers money and spend it and do transfers between<00:08:47.720><c>
- </c><00:09:48.800><c> think</c> account to be able to fund it I think account to be able to fund it I
- However, it's the interagency agreements to transfer funds that allows the existing funds to be used
- However, it's the interagency agreements to transfer funds that allows the existing funds to be used
- > the</c> to transfer funds that allows the to transfer funds that allows the existing<00:13:19.000><
Bills:
HF11
Committee:
House Ways and Means
FL
Florida 2025 Regular Session
November 18, 2025 - 10:30 AM
Transcript Highlights:
- THANK YOU FOR CONTINUING TO INVEST IN A PERFORMANCE BASED FUNDING.
- WE HAVE TWO METRICS DEVOTED TO IT IN PERFORMANCE BASED FUNDING.
- IN PERFORMANCE BASED FUNDING IN THESE AREAS.
- MODEL FOR PERFORMANCE BASED FUNDING AND AGREED TO CONTINUE THE CURRENT MODEL FOR THE NEXT YEAR OF FUNDING
- SO I HOPE THAT THAT'S TRANSFERRING. BUT YES, KEEP US POSTED ON THAT.
FL
Florida 2025 Regular Session
March 19, 2025 - 01:00 PM
Transcript Highlights:
- If I'm mis-speaking, correct me, but let's say that you were perfectly funded, ideally funded, for what
- Could you clarify how much of that funding would be federal matching funds and how much would be the
- state share funding?
- would be federal matching funds and how much would be the state chair funding. Okay, thank you.
- When someone is transferring to Florida, there are specific situations where we facilitate transfer.
Summary:
The Health Care Budget Subcommittee took up two bills and then continued oversight discussions with APD and AHCA. CS/HB 27, the Social Work Licensure Interstate Compact, was presented as a way to let Florida social workers practice in other compact states and vice versa; AARP, the Florida Chamber, and NASW Florida supported it, and the bill passed favorably. HB 1127, a child welfare bill, would create a treatment foster care pilot for children with high behavioral needs, improve DCF data collection on commercially sexually exploited children, and expand recruitment for protective investigators and case managers; the bill also passed favorably after brief supportive testimony.
The committee then questioned APD at length about the iBudget waiver waitlist, enrollment pace, spending projections, and provider capacity. APD said it had sent more than 1,100 interest letters in categories 3, 4, and 5, enrolled 1,124 people so far this year, and expects to spend about 96.4% of its waiver appropriation, leaving roughly $82 million unspent. Members pressed APD on why prior discussions suggested more reserve was needed, how long the SANS process takes, whether category 6 could be expanded, and whether the agency has enough waiver support coordinators and direct support providers. APD said it has about 1,061 waiver support coordinators statewide, adequate capacity for current enrollees, but would need further analysis if the legislature directed a much larger enrollment increase. Members also asked about outreach, annual maintenance of the waitlist, portability for military families, and whether communication efforts should be privatized.
Finally, AHCA walked the committee through the 2023 Achieved Savings Rebate (ASR) report for Aetna and explained how the report is used for financial monitoring, rebate calculations, and transparency. AHCA said the ASR is separate from the medical loss ratio (MLR) calculation, though both are reviewed, and that Florida uses the ASR mechanism rather than an MLR remittance requirement to recover funds from plans. Members asked about related-party disclosures, CVS/Caremark relationships, expanded benefits, encounter data, network adequacy penalties, denials and appeals reporting, interest earned on capitation payments, and whether rate increases were reaching providers. AHCA and the outside auditors said they review the plans’ reported data, reconcile it to underlying records, and can assess liquidated damages for network adequacy violations; several members requested follow-up data on rebates, interest, provider capacity, and related-party reporting.
NJ
New Jersey 2026-2027 Regular Session
Senate Budget and Appropriations Jun 28th, 2026
Senate Budget and Appropriations
Transcript Highlights:
- to the school funding formula.
- The budget language transfers $12 million of federal rural health transformation funds to Sytech City
- our school funding formula.
- Fund to be transferred to the Transportation Trust Fund account, and instead require that money to be
- transferred to the Resilient Transportation and NJ Transit Fund created under the bill.
Committee:
Senate Senate Budget and Appropriations
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 22nd, 2025
House Appropriations & Finance
Transcript Highlights:
- However, instead of going to the general fund and leading to volatility, there is either being transferred
- Additionally, we have transfers being made to the Early Childhood Education Trust Fund and the Tax Stabilization
- funds to the general fund.
- funds, and other federal funds on which our budget is heavily reliant.
- That's the general fund amount.
Committee:
House House Appropriations & Finance
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Mar 10th, 2026 at 03:25 pm
Transcript Highlights:
- As the law is now, there is an annual transfer of $3 million into the fund from the State Road Fund.
- The amount of unmatched funds allocated may be supplemented with additional matched monies from the fund
- actually a sub-fund.
- Project Fund to a new fund, from which... ...from the Economic Development Project Fund to a new fund
- That's a fire protection fund.
Summary:
The Senate Finance Committee met with a quorum present and first approved the minutes from the prior meeting. It then reconsidered Committee Substitute for House Bill 5212, noting that an Education Committee amendment had been inadvertently omitted the day before; the vice chairman withdrew the prior motion to report the bill, and the committee returned to the bill with the technical Education Committee amendments pending. The transcript then moved through a long agenda of bills and supplemental appropriations, with the committee generally hearing brief explanations from counsel, occasional member questions, and then voting to adopt amendments and report measures to the full Senate.
Among the substantive policy bills, the committee advanced House Bill 4007 on the Industrial Access Road Fund, allowing an additional possible $3 million transfer in a fiscal year, expanding eligible uses, and increasing county/municipal spending limits; House Bill 4765, which raises salaries for state police, teachers, and school service personnel and, via a strike-and-insert amendment, creates a market pay enhancement tied to county and regional income data; House Bill 5162, recodifying tax lien sale procedures and clarifying ownership and government-property tax treatment; House Bill 5382, extending the Neighborhood Investment Tax Credit Program to July 1, 2031; House Bill 5685, authorizing up to $150 million in revenue bonds backed by excess lottery funds for State Culture Center improvements; House Joint Resolution 42, placing a constitutional amendment on the ballot to raise the homestead exemption from $20,000 to $40,000; House Bill 4010, creating an airport hangar grant program and fund; House Bill 4404, increasing from $500 to $5,000 the amount volunteer fire departments may spend on training and fire prevention materials; House Bill 4592, requiring standardized campus safety mapping data for higher education institutions; House Bill 4784, extending and making retroactive a qualified opportunity zone business tax modification; and House Bill 5088, increasing retirement benefits for Division of Natural Resources police officers, with a one-time $4.25 million cash injection.
The committee also reported several supplemental appropriations and originating bills, including Senate Bill 842 for the Spay Neuter Assistance Fund, Senate Bill 846 for Culture and History capital repairs, Senate Bill 872 for Natural Resources capital repairs (reduced to $10 million in committee substitute), Senate Bill 876 for Department of Health facilities, Senate Originating Bills 1 through 5 covering Culture and History, road funds, corrections IT and services, tobacco education, and the Adjutant General’s armory board transfer, respectively. Most items were adopted by voice vote; House Bill 4765’s strike-and-insert amendment was adopted after a division vote of 10-6. The committee then adjourned.