West Virginia HB4574 provides condition-based emergency funding for financially distressed counties with reserve funding below five percent.

West Virginia HB4574 establishes a process for financially distressed counties to apply for emergency funding when their reserve funding falls below five percent. The State Board of Education can provide loans from the Temporary Shortfall Supplement Fund for County Boards of Education. Recipients must implement the West Virginia Checkbook fiscal reporting system and follow reporting requirements. Employees responsible for maladministration are prohibited from employment in financial roles for two years.

West Virginia HB4574 provides condition-based emergency funding for financially distressed counties with reserve funding below five percent.

West Virginia HB4574 establishes a process for financially distressed counties to apply for emergency funding when their reserve funding falls below five percent. The State Board of Education can provide loans from the Temporary Shortfall Supplement Fund for County Boards of Education. Recipients must implement the West Virginia Checkbook fiscal reporting system and follow reporting requirements. Employees responsible for maladministration are prohibited from employment in financial roles for two years.