Subject to applicable banking regulations or state law, the treasurer may transfer funds by check or electronic funds transfer whenever actually needed to pay the warrants drawn by the Auditor upon the treasury, to equalize deposits or to provide funds to purchase investments for the account of the state. All checks drawn for transfer of funds shall have printed or stamped on the face of same "for transfer of funds only", or if the transfer is made by electronic funds transfer, the electronic funds transfer and supporting documents shall be marked "for transfer of funds only".
Structure West Virginia Code
Chapter 12. Public Moneys and Securities
§12-1-1. Legislative Findings and Purpose
§12-1-3. Depositories for Interest Earning Deposits; Qualifications
§12-1-4. Bonds to Be Given by Depositories
§12-1-5. Limitation on Amount on Deposit; Rules
§12-1-6. Unlawful Acceptance of Deposits by Depositories
§12-1-7. Rules; Banking Contracts and Agreements; Depositors; Agreements
§12-1-9. Transfer of Funds by Check or Electronic Funds Transfer; Requirements
§12-1-11. Reports by Depositories to Treasurer; Discontinuance of Depositories
§12-1-12. Investing Funds in Treasury; Depositories Outside the State
§12-1-12a. Investment of Operating Funds for Cash Flow Needs
§12-1-12b. Cash Management Improvement Act; Administration; Reports
§12-1-12e. Investments by State Colleges
§12-1-13. Payment of Banking Services and Litigation Costs for Prior Investment Losses