Allows counties to retain surplus funds from approved excess levies in their general fund.

West Virginia HB4367 amends the Code of West Virginia to allow counties to retain any surplus funds collected from approved excess levies in their general fund. This bill modifies Section 11-8-16 to ensure that any surplus money above the voter-approved amount for an excess levy remains with the county that approved the levy and is placed in the county's general fund. This change applies to levies for county commissions, county boards of education, and municipalities, with specific rate limits for different classes of properties.

Allows counties to retain surplus funds from approved excess levies in their general fund.

West Virginia HB4367 amends the Code of West Virginia to allow counties to retain any surplus funds collected from approved excess levies in their general fund. This bill modifies Section 11-8-16 to ensure that any surplus money above the voter-approved amount for an excess levy remains with the county that approved the levy and is placed in the county's general fund. This change applies to levies for county commissions, county boards of education, and municipalities, with specific rate limits for different classes of properties.