The act moves $35 million into the state surplus and directs $153.3 million to higher education programs for fiscal year 2026.
The act moves $35 million from a state emergency-related fund into the General Revenue surplus for possible use during fiscal year 2026.
The act provides $153.3 million for higher education programs, including grants, scholarships, dual enrollment, loan programs and $72 million for biomedical research at four state schools.
The state moves $35 million from the Governor’s Office Civil Contingent Fund to the unappropriated General Revenue surplus. The transfer covers fund 0105, fiscal year 2023, organization 0100, appropriation 85700. The money becomes available for appropriation during fiscal year 2026. The transfer applies to the fiscal year ending June 30, 2026, and the act takes effect from passage.
The state provides a total of $153,258,649 to the Higher Education Policy Commission’s administration control account. The money covers the commission’s fiscal year 2026 account, including grants, scholarships, dual enrollment, student loan programs, operations and biomedical research support. The Current Expenses–Surplus amount includes $30 million for Marshall University School of Medicine, $5 million for West Virginia University Dental School, $32 million for West Virginia University School of Medicine, and $5 million for West Virginia School of Osteopathic Medicine for biomedical sciences research expansion. Specified amounts must transfer to designated state funds for higher education grants, teaching scholars, military college activities and PROMISE scholarships. Unspent balances from listed fiscal year 2025 appropriations are available for spending during fiscal year 2026. The appropriation applies to the fiscal year ending June 30, 2026, and the act takes effect from passage.
No hearings or votes scheduled.