West VirginiaWest Virginia municipalities may put available money into reserve funds
Since June 10, 2026, West Virginia municipalities may create a reserve by majority vote and add surplus or other available money.
What it does
A municipality may create a financial reserve with majority approval and add gifts, grants, appropriations, or other available money.
Argument forA reserve could help a municipality handle future costs using year-end surplus or other available money.
Argument againstPutting surplus money into a reserve could leave a municipality with less to spend on other needs.
More detail
A municipality may create a financial stabilization fund and add money to it. This applies to West Virginia municipalities. The municipality's governing body must approve the fund by majority vote. The fund may receive appropriations, gifts, grants, and other available funds. The governing body may add money from a year-end General Fund surplus or other available money. The law took effect 90 days after passage, on June 10, 2026.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 25Chapter 242, Acts, Regular Session, 2026Latest
- Apr 1Approved by Governor Patrick Morrisey 4/1/2026Major
- Mar 18To Governor 3/18/2026To Governor
- Mar 14Approved by Governor Patrick Morrisey 4/1/2026 - House JournalMajor
- Mar 14Approved by Governor Patrick Morrisey 4/1/2026 - Senate JournalBecame Law
- Mar 14To Governor 3/18/2026 - Senate JournalMinor
- Mar 13House Message received
- Mar 12Completed legislative action
- Vote recorded PASSAGE. Result: pass.Lower
- Mar 12Communicated to Senate
- Mar 12Passed House (Roll No. 442)Passed House
- Mar 12Read 3rd timeMinor
- Mar 12On 3rd reading, Special Calendar
- Mar 11Read 2nd timeMinor
- Mar 11On 2nd reading, Special Calendar
- Mar 10Read 1st timeMinor
- Mar 10Immediate consideration
- Mar 10Do pass
- Feb 17To House FinanceMinor
- Feb 17To FinanceMinor
- Feb 17Introduced in HouseMinor
- Feb 17House received Senate message
- Feb 16Ordered to House
- Vote recorded Passage. Result: pass.Upper
- Feb 16Passed Senate (Roll No. 97)Passed Senate
- Feb 16Read 3rd timeMinor
- Feb 16On 3rd reading
- Feb 13Read 2nd timeMinor
- Feb 13On 2nd reading
- Feb 12Read 1st timeMinor
- Feb 12On 1st reading
- Feb 11Reported do passMinor
- Feb 3To Government OrganizationMinor
- Feb 3Introduced in SenateMinor
- Feb 3To Government OrganizationMinor
- Feb 3Filed for introductionIntroduced
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