(a) The director shall cause to be conducted an audit of any funds expended pursuant to any prescription drug purchasing agreement or pharmacy benefit management contract executed under the provisions of this article for each fiscal year that the prescription drug purchasing agreement or pharmacy benefit management contract is in effect. The director shall submit the audit to the Joint Committee on Government and Finance upon completion, but in no event later than December 31, after the end of the fiscal year subject to audit.
(b) The director shall provide written notice to the Joint Committee on Government and Finance before executing a prescription drug purchasing agreement or a pharmacy benefit management contract or amending an existing prescription drug contract.
Structure West Virginia Code
Article 16C. Prescription Drug Cost Management Act
§5-16C-1. Legislative Findings; Purpose; Short Title
§5-16C-3. Finance Board Responsibilities for Review and Approval of Certain Contracts
§5-16C-4. Authorization to Execute Prescription Drug Purchasing Agreements
§5-16C-5. Authorization to Amend Existing Contracts
§5-16C-6. Authorization to Execute Pharmacy Benefit Management Contract
§5-16C-7. Exemption From Purchasing Division Requirements