West Virginia 2023 Regular Session Status: Enacted 1 R cosponsors

SB 430 — Relating to State Treasurer’s authority to contract with financial institutions for banking goods and services

Last action — Chapter 272, Acts, Regular Session, 2023

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 23, 2023. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

49 added · 50 removed

Plain-language change summary

The recent amendments to Bill SB 430 clarify the responsibilities of the Department of Revenue regarding banking services. Now, the Department is required to use the State Treasurer's contracts for any banking-related services unless they receive an exemption. This change ensures that all state financial transactions are handled consistently and potentially more efficiently, which can help in better managing state funds.

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WEST VIRGINIA LEGISLATURE REGULAR SESSION Committee Substitute for Senate Bill 430 BY SENATOTARR [Originating in the Committee on Banking and Insurance;
WEST VIRGINIA LEGISLATURE REGULAR SESSION ENROLLED Committee Substitute for Senate Bill 430 By Senator Tarr [Passed March 03, 2023;
reported on February 15, 2023] CS for SB 430 A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §12-1-1a;
in effect 90 days from passage] Enr CS for SB 430 AN ACT to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §12-1-1a;
and to amend and reenact §12-2-2 of said code, all relating generally to the State Treasurer’s authority to contract withfinancial institutions for banking goods and services;
and to amend and reenact §12-2-2 of said code, all relating generally to the State Treasurer’s authority to contract with financial institutions for banking goods and services;
CS for SB 430 "State funds" refers to moneys accepted or collected on behalf of the state or those moneys designated by the Legislature or the State Treasurer as state funds, according to §12-1-2(e) of this code.
"State funds" refers to moneys accepted or collected on behalf of the state or those 1 Enr CS for SB 430 moneys designated by the Legislature or the State Treasurer as state funds, according to §12-1-2(e) of this code.
CS for SB 430 (b) All moneys received by the state from appropriations made by the Congress of the United States shall be recorded in special fund accounts, in the State Treasury apart from the general revenues of the state, and shall be expended only upon appropriation of the Legislature in accordance with the provisions of §4-11-1 et seq.
(b) All moneys received by the state from appropriations made by the Congress of the 2 Enr CS for SB 430 United States shall be recorded in special fund accounts, in the State Treasury apart from the general revenues of the state, and shall be expended only upon appropriation of the Legislature in accordance with the provisions of §4-11-1 et seq.
(9) All moneys collected and belonging to the capitol building fund, state road fund, state road sinking fund, general school fund, school fund, state fund (moneys belonging to counties, districts, and municipalities), state interest and sinking funds, state compensation funds, the fund maintained by the Public Service Commission for the investigation and supervision of applications and all fees, money, interest or funds arising from the sales of all permits and licenses to hunt, CS for SB 430 trap, fish, or otherwise hold or capture fish and wildlife resources and money reimbursed and granted by the federal government for fish and wildlife conservation;
(9) All moneys collected and belonging to the capitol building fund, state road fund, state road sinking fund, general school fund, school fund, state fund (moneys belonging to counties, districts, and municipalities), state interest and sinking funds, state compensation funds, the fund maintained by the Public Service Commission for the investigation and supervision of applications and all fees, money, interest or funds arising from the sales of all permits and licenses to hunt, trap, fish, or otherwise hold or capture fish and wildlife resources and money reimbursed and granted by the federal government for fish and wildlife conservation;
and (10) All moneys collected or received under any act of the Legislature providing that funds collected or received under the act shall be used for specific purposes.
and 3 Enr CS for SB 430 (10) All moneys collected or received under any act of the Legislature providing that funds collected or received under the act shall be used for specific purposes.
Provided, That the Governor or appropriate constitutional officer has CS for SB 430 authority to authorize the transfer of equipment or personnel to the centralized receipts processing center from the respective agency.
Provided, That the Governor or appropriate constitutional officer has authority to authorize the transfer of equipment or personnel to the centralized receipts processing center from the respective agency.
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Action History

  1. Chapter 272, Acts, Regular Session, 2023

  2. Approved by Governor 3/28/2023

  3. Approved by Governor 3/28/2023 - House Journal

  4. Approved by Governor 3/28/2023 - Senate Journal

  5. To Governor 3/8/2023

  6. To Governor 3/8/2023 - House Journal

  7. House Message received

  8. Completed legislative action

  9. Communicated to Senate

  10. Passed House (Roll No. 442)

  11. Read 3rd time

  12. On 3rd reading, Special Calendar

  13. Read 2nd time

  14. On 2nd reading, Special Calendar

  15. Read 1st time

  16. On 1st reading, Special Calendar

  17. 2nd reference dispensed

  18. Do pass

  19. To House Government Organization

  20. To Government Organization then Judiciary

  21. Introduced in House

  22. Ordered to House

  23. Passed Senate (Roll No. 211)

  24. Read 3rd time

  25. On 3rd reading

  26. Read 2nd time

  27. On 2nd reading

  28. Read 1st time

  29. On 1st reading

  30. Committee substitute reported

  31. To Banking and Insurance

  32. Introduced in Senate

  33. To Banking and Insurance

  34. Filed for introduction

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 151 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (151)

151 members have not signed on to this bill.

Show all 151 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passage

Passed 34 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 16000
Unaffiliated 17000
Democrat 1000
Total 34000
% of votes cast 100%0%0%0%
How each member voted (34)
Member Party Vote
MARONEY — Yea
STOVER — Yea
MARTIN — Yea
STUART — Yea
BOLEY — Yea
SWOPE — Yea
CAPUTO — Yea
NELSON — Yea
PHILLIPS — Yea
PLYMALE — Yea
TRUMP — Yea
HAMILTON — Yea
HUNT — Yea
JEFFRIES — Yea
SMITH — Yea
MR PRESIDENT — Yea
KARNES — Yea
Mike Woelfel Democrat Yea
Amy Grady Republican Yea
Ben Queen Republican Yea
Charles H. Clements Republican Yea
Eric Tarr Republican Yea
Jack Woodrum Republican Yea
Jason Barrett Republican Yea
Jay Taylor Republican Yea
Laura Wakim Chapman Republican Yea
Mark R. Maynard Republican Yea
Mike Azinger Republican Yea
Mike Oliverio Republican Yea
Patricia Rucker Republican Yea
Rollan A. Roberts Republican Yea
Ryan Weld Republican Yea
Tom Takubo Republican Yea
Vince Deeds Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 430?
SB 430 is sponsored by Eric Tarr (Republican).
What is the current status of SB 430?
This bill has been enacted into law. Introduced January 23, 2023. Enacted.
Where can I track SB 430?
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Last checked for changes 3 months ago · updated continuously

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