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West Virginia Legislature· SB 726Signed

Removing cap for municipalities on their stabilization fund, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the West Virginia Legislature, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
WEST VIRGINIA LEGISLATURE

         2026 REGULAR SESSION

                     Enrolled

           Senate Bill 726

         BY SENATORS BARNHART, WOODRUM, AND DEEDS
         [Passed March 12, 2026; in effect 90 days from

                        passage (June 10, 2026)]
   Enr SB 726

1 AN ACT to amend and reenact §8-37-3 of the Code of West Virginia, 1931, as amended, relating

2  to removing the 30 percent cap on municipal stabilization funds.

   Be it enacted by the Legislature of West Virginia:

   ARTICLE 37. MUNICIPAL FINANCIAL STABILIZATION FUND ACT.

   §8-37-3. Budget stabilization fund; creation; appropriation.

1  (a) A municipality may create a financial stabilization fund by a majority vote of its

2 governing body. The fund may receive appropriations, gifts, grants, and any other funds made

3 available.

4  (b) The governing body may appropriate a sum to the fund from any surplus in the General

5 Fund at the end of each fiscal year or from any other money available.

               1
Enr SB 726
              The Clerk of the Senate and the Clerk of the House of Delegates hereby

         certify that the foregoing bill is correctly enrolled.
         ...............................................................

                       Clerk of the Senate
                           ...............................................................
                               Clerk of the House of Delegates

         Originated in the Senate.
         In effect 90 days from passage.

                                       ...............................................................
                                                 President of the Senate
                                                           ...............................................................
                                                              Speaker of the House of Delegates
                                                        __________

              The within is ................................................ this the...........................................
         Day of ..........................................................................................................., 2026.

                                                                   .............................................................
                                                                                                 Governor

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