West Virginia 2026 Regular Session

West Virginia House Bill HB5291

Introduced

2/6/26

Refer

2/6/26

Caption

Supplemental Appropriation to the Department of Administration - Board of Risk and Insurance Management from Special Revenue.

Impact

The bill impacts state laws by allowing for an increase in the available financial resources in the Premium Tax Savings Fund, which could lead to enhanced capabilities for the Board of Risk and Insurance Management in handling public entity insurance needs. This financial boost is anticipated to improve the state's ability to manage risks effectively and support public institutions that rely on such insurance protections. The supplementary appropriation also reflects a commitment from the state legislature to address fiscal needs as they arise, enabling better preparedness for potential financial challenges faced by public entities.

Summary

House Bill 5291 proposes a supplementary appropriation of public funds from the Treasury, specifically targeting the Department of Administration's Board of Risk and Insurance Management's Premium Tax Savings Fund for the fiscal year ending June 30, 2026. The bill aims to enhance the financial resources allocated to this fund, allowing for better management of insurance risks associated with public entities. The overarching goal is to ensure that sufficient funds are allocated to facilitate necessary operations within the state’s risk management programs.

Sentiment

The sentiment surrounding HB 5291 appears to be largely supportive, especially among legislators who recognize the importance of maintaining and enhancing financial resources for public risk management. However, as with any bill that involves appropriations, there may be some voices of concern regarding fiscal responsibility and the appropriate use of taxpayer funds. Overall, the bill is seen as a necessary step toward ensuring that public entities are adequately supported through the appropriation of state funds.

Contention

While the bill seems broadly supported, possible points of contention could arise from debates around budgetary priorities, with some legislators potentially questioning whether the allocation of funds to the Board of Risk and Insurance Management is the most effective use of state resources. Additionally, scrutiny may come from those who believe that appropriation measures should be more transparent or subject to greater oversight, particularly as they pertain to managing public funds. The lack of detailed discussion in the snippets available might indicate less public contention, but it could surface as the bill progresses through the legislative process.

Latest WV HB5291 Activity

View All Events: WV 2026 Regular Session HB5291

Companion Bills

WV SB821

Similar To Supplemental appropriation to Department of Administration, fund 2367

Previously Filed As

WV SB769

Supplemental appropriation to Department of Administration, Office of Secretary

WV SB1010

Making supplementary appropriation to Department of Administration, Office of Technology reorganization

WV HB110

Making a supplemental appropriation to the Department of Administration – Office of Technology Reorganization

WV HB105

Supplementing and amending appropriations to the Department of Education, State Board of Education – State Department of Education

WV SB786

Supplemental appropriation to State Board of Education, State Department of Education

WV HB3347

Supplemental Appropriation Administration Diamond Bldg.

WV SB789

Supplemental appropriation to Department of Commerce

WV SB935

Supplementing and amending appropriations to Department of Homeland Security

WV SB787

Supplemental appropriation to Department of Health

WV SB937

Supplementing and amending appropriations to Department of Economic Development

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

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, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

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, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.