The board may charge fees, which may be subtracted from the total return, for the reasonable and necessary expenses incurred by the investment management board in rendering services. All fees which are dedicated or identified or readily identifiable to an entity, plan or fund shall be charged to that entity, plan or fund and all other fees shall be charged as a percentage of assets under management. At its annual meeting, the board shall adopt a fee schedule and a budget reflecting fee structures.
Structure West Virginia Code
Chapter 12. Public Moneys and Securities
Article 6. West Virginia Investment Management Board
§12-6-1. Purposes and Objects; How Article Cited
§12-6-1a. Legislative Findings
§12-6-5a. Legislative Findings and Limitation on Certain Board Actions
§12-6-7. Legal Status of Agencies and Boards Continued
§12-6-8. Investment Funds Established; Management Thereof
§12-6-9c. Authorization of Additional Investments
§12-6-11. Standard of Care and Investment Requirements; Disclosure of Information
§12-6-13. Board as Agency for Investments; Exceptions
§12-6-14. Reports of Board; Legislative Audits, Reviews and Studies
§12-6-16. Existing Investments
§12-6-17. Severability of Provisions
§12-6-18. Liberal Construction
§12-6-19. Authorization for Loans by the Board
§12-6-20. Continuation of Board
§12-6-21. Investment With Regional Jail and Correctional Facility Authority