(a) The Legislature makes the following findings:
(1) Subdivision (12), subsection (d), section fifty-one, article VI of the Constitution of West Virginia authorizes the Legislature to enact laws as are necessary and proper to carry out the purposes of section fifty-one, article VI of the Constitution of West Virginia.
(2) One of the purposes of section fifty-one, article VI of the Constitution of West Virginia is to ensure the solvency and fiscal well-being of the State of West Virginia.
(3) Ensuring payment of the debt service on the notes and bonded indebtedness of the state and its agencies, boards and commissions is necessary and proper to ensure the solvency and fiscal well-being of the State of West Virginia.
(b) If, on June 30 of any year, no budget bill has been enacted and made effective for the next ensuing fiscal year, the Governor shall have plenary power and authority by executive order to direct the scheduled payment of the principal and interest due on bonds or notes of the state or its agencies, boards and commissions.
(c) Upon issuance by the Governor of an executive order pursuant to subsection (b) of this section, the State Auditor and State Treasurer shall take such actions as are necessary to ensure payment of the principal and interest due on the bonds or notes of the state, its agencies, boards and commissions as directed by the Governor.
(d) Any executive order issued pursuant to subsection (b) of this section shall continue in full force and effect until the effective date of the budget bill enacted for the fiscal year beginning July 1
Structure West Virginia Code
§5-1-1. Arrest or Deportation of Persons During War
§5-1-2. Arrest of Persons Aiding Enemy or Insurgents
§5-1-3. Power to Send for Persons and Papers in Such Cases
§5-1-4. Warrants of Governor Under §§5-1-1 to 5-1-3
§5-1-5. Discharge From Arrest; Bond
§5-1-13. Construction of §§5-1-7 to 5-1-13; Severability; How Cited
§5-1-15. Return of Warrants Issued by Governor
§5-1-16. Remission of Fines and Penalties; Commutation Of
§5-1-16a. Expungement of Criminal Record Upon Full and Unconditional Pardon
§5-1-17. When Governor May Remit Fine or Penalty
§5-1-18. Payments From Civil Contingent Fund
§5-1-21. Printing and Distribution of Biennial Messages; Distribution of Legislative Journals
§5-1-24. Appointment of Assistant Attorney General to Perform Duties for Governor; Compensation
§5-1-25. Designation of Daylight Saving Time as Official Time
§5-1-27. Draping of State Flag to Honor the Passing of Law-Enforcement Officers
§5-1-28. Prerequisites for Bond Issuance and Refunding
§5-1-30. Authority to Direct Payment of Certain Debt in Emergency