Each water development project, when constructed and placed in operation, shall be maintained and kept in good condition and repair by the authority or if owned by a governmental agency, by such governmental agency, or the authority or such governmental agency shall cause the same to be maintained and kept in good condition and repair. Each such project owned by the authority shall be operated by such operating employees as the authority employs or pursuant to a contract or lease with a governmental agency or person. All public or private property damaged or destroyed in carrying out the provisions of this article and in the exercise of the powers granted hereunder with regard to any project shall be restored or repaired and placed in its original condition, as nearly as practicable, or adequate compensation made therefor out of funds provided in accordance with the provisions of this article.
As soon as possible after the close of each fiscal year, the authority shall make an annual report of its activities for the preceding fiscal year to the Governor and the Legislature. Each such report shall set forth a complete operating and financial statement covering the authority's operations during the preceding fiscal year. The authority shall cause an audit of its books and accounts to be made at least once each fiscal year by certified public accountants and the cost thereof may be treated as a part of the cost of construction or of operations of its projects.
Structure West Virginia Code
Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts
Article 1. Water Development Authority
§22C-1-2. Declaration of Policy and Responsibility; Purpose and Intent of Article; Findings
§22C-1-6. Powers, Duties, and Responsibilities of Authority Generally
§22C-1-8. Expenditure of Funds for Study and Engineering of Proposed Projects
§22C-1-10. Trustee for Bondholders; Contents of Trust Agreement
§22C-1-11. Trust Agreements for Related Responsibilities; Reimbursements
§22C-1-12. Legal Remedies of Bondholders and Trustees
§22C-1-14. Use of Funds by Authority; Restrictions Thereon
§22C-1-15. Investment of Funds by Authority
§22C-1-18. Water Development Bonds Lawful Investments
§22C-1-19. Purchase and Cancellation of Notes or Bonds
§22C-1-21. Exemption From Taxation
§22C-1-24. Financial Interest in Contracts Prohibited; Penalty
§22C-1-25. Meetings and Records of Authority to Be Kept Public