West Virginia legislation · 2026 Regular Session
West Virginia SB726: Removing cap for municipalities on their stabilization fund
Status: Signed into law, April 1, 2026
What the bill says
An act to amend and reenact §8-37-3 of the Code of West Virginia, 1931, as amended, relating to removing the 30 percent cap on municipal stabilization funds. ARTICLE 37. MUNICIPAL FINANCIAL STABILIZATION FUND ACT. §8-37-3. Budget stabilization fund; creation; appropriation. (a) A municipality may create a financial stabilization fund by a majority vote of its governing body. The fund may receive appropriations, gifts, grants, and any other funds made available. (b) The governing body may appropriate a sum to the fund from any surplus in the General Fund at the end of each fiscal year or from a.
From the enrolled text, March 12, 2026:
AN ACT to amend and reenact §8-37-3 of the Code of West Virginia, 1931, as amended, relating to removing the 30 percent cap on municipal stabilization funds. ARTICLE 37. MUNICIPAL FINANCIAL STABILIZATION FUND ACT. §8-37-3. Budget stabilization fund; creation; appropriation. (a) A municipality may create a financial stabilization fund by a majority vote of its governing body. The fund may receive appropriations, gifts, grants, and any other funds made available. (b) The governing body may appropriate a sum to the fund from any surplus in the General Fund at the end of each fiscal year or from any other money available. 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