West Virginia Code
Chapter 12. Public Moneys and Securities

Article 1. State Depositories

§12-1-1. Legislative Findings and Purpose - The Legislature finds and declares that the efficient collection, disbursement,...

§12-1-2. Depositories for Demand Deposits; Categories of Demand Deposits; Competitive Bidding for Disbursement Accounts; Maintenance of Deposits by State Treasurer; Definition of Spending Unit - (a) The State Treasurer shall designate the state and national...

§12-1-3. Depositories for Interest Earning Deposits; Qualifications - Any state or national bank or any state or federal...

§12-1-4. Bonds to Be Given by Depositories - (a) Before allowing any money to be deposited with any...

§12-1-5. Limitation on Amount on Deposit; Rules - (a) The amount of state funds on deposit in any...

§12-1-6. Unlawful Acceptance of Deposits by Depositories - It is unlawful for any depository to accept and retain...

§12-1-7. Rules; Banking Contracts and Agreements; Depositors; Agreements - In addition to rules specially authorized in this article, the...

§12-1-8. Conflict of Interest - An employee or a person applying for a position with...

§12-1-9. Transfer of Funds by Check or Electronic Funds Transfer; Requirements - Subject to applicable banking regulations or state law, the treasurer...

§12-1-10. The Treasurer to Keep Accounts With Depositories; Settlements With Depositories; Statements of Depository Balances; Reconciliation of Statements and Records - The treasurer shall keep in his office or her office...

§12-1-11. Reports by Depositories to Treasurer; Discontinuance of Depositories - (a) Each depository of state funds shall at the end...

§12-1-12. Investing Funds in Treasury; Depositories Outside the State - (a) When the funds in the Treasury exceed the amount...

§12-1-12a. Investment of Operating Funds for Cash Flow Needs - (a) The Legislature hereby finds and declares that the cash...

§12-1-12b. Cash Management Improvement Act; Administration; Reports - (a) The Cash Management Improvement Act of 1990, Public Law...

§12-1-12d. Investments by Marshall University, West Virginia University and West Virginia School of Osteopathic Medicine - (a) Notwithstanding any provision of this article to the contrary,...

§12-1-12e. Investments by State Colleges - (a) Notwithstanding any provision of this article to the contrary,...

§12-1-13. Payment of Banking Services and Litigation Costs for Prior Investment Losses - (a) The State Treasurer is authorized to pay for banking...

§12-1-14. Banking Services for Medical Cannabis - (a) The Legislature finds and declares that the inability to...

Article 1A. West Virginia Small Business Linked Deposit Program

§12-1A-1. Definitions - (a) "Treasurer" means the West Virginia Treasurer's Office. (b) "Eligible...

§12-1A-3. Limitations on Investment in Linked Deposits - The Treasurer shall invest in linked deposits. The total amount...

§12-1A-4. Applications for Loan Priority; Loan Package; Counseling - (a) An eligible lending institution that desires to participate in...

§12-1A-5. Acceptance or Rejection of Loan Package; Deposit Agreement for Linked Deposits - (a) The Treasurer may accept or reject a linked deposit...

§12-1A-6. Certification and Monitoring of Compliance; Accountability and Reporting - (a) Upon the placement of a linked deposit with an...

§12-1A-7. Liability of State - The state, the Treasurer, the Department of Commerce, the West...

§12-1A-8. Penalties for Violation of Article - (a) Any person who knowingly makes a false statement concerning...

§12-1A-9. Effective Dates - This article shall be effective from the amendment and reenactment...

Article 2. Payment and Deposit of Taxes and Other Amounts Due the State or Any Political Subdivision

§12-2-1. How and to Whom Taxes and Other Amounts Due the State or Any Political Subdivision, Official, Department, Board, Commission or Other Collecting Agency Thereof May Be Paid - All persons, firms and corporations shall promptly pay all taxes...

§12-2-2. Itemized Record of Moneys Received for Deposit; Regulations Governing Deposits; Credit to State Fund; Exceptions - (a) All officials and employees of the state authorized by...

§12-2-3. Deposit of Moneys Not Due the State - (a) All officials and employees of the State authorized to...

§12-2-4. Duty of Depositories - Immediately upon the receipt of a deposit from the state,...

§12-2-5. Deposits in Correspondent Banks of State Depositories - When any payment of money has been made to the...

§12-2-6. Violations; Penalties - Any person violating any of the provisions of this article...

Article 3. Appropriations, Expenditures and Deductions

§12-3-1. Manner of Payment From Treasury; Form of Checks - (a) Every person claiming to receive money from the treasury...

§12-3-1a. Payment by Deposit in Bank Account - The Auditor may issue his warrant on the treasurer to...

§12-3-1b. Voluntary Direct Deposits by Auditor of Salaries of Employees to Banks or Other Financial Institutions - Any officer or employee of the State of West Virginia...

§12-3-2. Auditor May Administer Oaths; Seal - The Auditor may administer oaths in relation to any claim...

§12-3-4. No Check to Be Drawn on Depository Having Insufficient Funds; Necessity of Warrant and Check or Electronic Funds Transfer - The treasurer shall draw no check on any depository unless...

§12-3-5. When Requisition to Auditor Sufficient Authority for Issuing Warrant - (a) When an appropriation has been made by law, subject...

§12-3-6. Requisitions on Behalf of State Boards and Institutions - (a) An appropriation made to or for any state board...

§12-3-7. Payment of Compensation and Expenses of Members of State Boards and Commissions; Embezzlement - (a) Unless otherwise provided by law, a member of any...

§12-3-8. Requisition on Behalf of Institutions to Be Accompanied by Statement Showing Funds on Hand - A requisition made upon the Auditor for any money appropriated...

§12-3-8a. Limitation on Requisitions From Judicial Accounts - No requisition shall be made upon the Auditor for any...

§12-3-9. Certificate With Requisition as to Need of Money for Present Use - Every board or officer authorized by law to issue requisitions...

§12-3-10. Itemized Statement of Claim Against State; Rules to Be Promulgated Concerning Same - It is unlawful for any state officer to issue his...

§12-3-10a. Purchasing Card Program - Notwithstanding the provisions of section ten of this article, payment...

§12-3-10b. Fraudulent or Unauthorized Use of Purchasing Cardprohibited; Penalties - (a) It is unlawful for any person to use a...

§12-3-10c. Transaction Fees; Disposition of Fees - (a) In order to promote and enhance the use of...

§12-3-10d. Purchasing Card Fund Continued; Expenditures - (a) All money received by the state pursuant to any...

§12-3-10e. Purchasing Card Advisory Committee Created; Purpose; Membership; Expenses - There is created a Purchasing Card Advisory Committee to enhance...

§12-3-10f. Receiving Report Required for Commodities Received - A receiving report shall be submitted to the State Auditor...

§12-3-10g. Acceptance by Auditor for Payment of a Claim Submitted by Electronically Generated Invoices - The State Auditor may consider an agency-generated electronic invoice as...

§12-3-11. Travel Expenses; Rules to Be Promulgated Concerning Travel Expenses; Dues to Voluntary Organizations; Recruitment Expenses for Higher Education Policy Commission and West Virginia Higher Education Governing Boards; Moving Expenses of Employ... - (a) The Governor shall promulgate rules concerning out-of-state travel by...

§12-3-12. Expiration of Unexpended Appropriations; Reappropriations - (a) Except as provided in subsection (b) of this section,...

§12-3-12a. Payment of Salaries of Employees of Higher Education Policy Commission, Council for Community and Technical College Education and Institutions of Higher Education Over the Twenty-Six Biweekly Pay Cycle - Notwithstanding the provisions of section twelve of this article, in...

§12-3-13. Salaries Not to Be Paid Until Services Rendered - No money shall be drawn from the treasury to pay...

§12-3-13a. Deductions by State Auditor From Salaries of State Officials and Employees to Pay Taxes and Purchase United States Government Bonds - The Auditor of the State of West Virginia is authorized...

§12-3-13b. Voluntary Deductions by State Auditor From Salaries of Employees to Pay Supplemental Health and Life Insurance Premiums; Voluntary Other Deductions - (a) Any officer or employee of the State of West...

§12-3-14. Expenditures for Institutions to Be Confined to Appropriations for Fiscal Year; Exceptions - It shall be unlawful for the superintendent, manager, any officer,...

§12-3-15. Expenditures for Institutions in Excess of Appropriations; Unauthorized Debts; Use in Part Payment of Appropriation for Whole Payment - It shall be unlawful for any such officer, board, body...

§12-3-16. Personal Liability and Penalty for Violation of Two Preceding Sections - Any such officer or person who, in violation of any...

§12-3-17. Liabilities Incurred by State Boards, Commissions, Officers or Employees Which Cannot Be Paid Out of Current Appropriations - Except as provided in this section, it shall be unlawful...

§12-3-18. Itemized Statement of Claims Against Counties, School Districts or Municipalities; False Swearing; Indorsement - It shall be unlawful for any county court, Board of...

§12-3-19. General Order by County Commission, Board of Education or Governing Body of a Municipal Corporation Prohibited - It shall be unlawful for any county commission, Board of...

§12-3-20. Electronic or Wire Transfer - (a) Notwithstanding any other provision of this code to the...

Article 3A. Financial Electronic Commerce

§12-3A-1. Legislative Purpose and Findings - The Legislature finds that state government should facilitate and promote...

§12-3A-2. Definitions - As used in this article, the following words and terms...

§12-3A-3. Financial Electronic Commerce - (a) The State Auditor and the State Treasurer shall implement...

§12-3A-4. Payment by a West Virginia Pay Card - The State Auditor and the State Treasurer may jointly establish...

§12-3A-5. Limited Establishment and Use of Point of Sale Terminals, etc., for Special Purposes and Circumstances Relating to Certain Public Assistance Payments - (a) The State Treasurer shall have authority to contract with...

§12-3A-6. Receipting of Electronic Commerce Purchases - (a)(1) The State Treasurer may establish a system for acceptance...

§12-3A-7. Method of Sale or Disposal of Personal Property - (a) Notwithstanding any other provision in this code to the...

Article 4. Accounts, Reports, and General Provisions

§12-4-1. Biennial Reports - All reports, settlements, accounts and statements which are now, or...

§12-4-2. Accounts of Treasurer and Auditor; Auditor to Certify Condition of Revenues and Funds of the State - The Treasurer shall keep in his or her office separate...

§12-4-3. Accounts of Appropriations - The Auditor and Secretary of Revenue shall each keep an...

§12-4-3a. Accounts of the Auditor - The Auditor shall at all times maintain and have available...

§12-4-4. Accounts of Expenditures; Signing of Checks and Warrants; Facsimile Signatures and Use of Mechanical and Electrical Devices; Forgery; Penalty - When the treasurer issues his check on a depository, he...

§12-4-5. Individual Accounts; Auditor to Notify Sureties When Sheriff Defaults - There shall be kept in the Auditor's office all necessary...

§12-4-6. Comparison of Books of Auditor and Treasurer; Monthly Balances - At the end of every month of the year, the...

§12-4-7. Annual State Dollar Report of Auditor - The Auditor shall furnish annually to the Governor, the President...

§12-4-8. Office Hours of Auditor and Treasurer - The hours for transacting business in the offices of the...

§12-4-9. Absence of Auditor or Treasurer - When it is necessary for either the Auditor or treasurer...

§12-4-10. State Not Preferred as to Unsecured Claim - On and after February 1, 1933, the state shall not,...

§12-4-11. Exceptional Items Fund - (a) There is hereby created in the Treasurer's Office a...

§12-4-12. Treasurer Authorized to Provide Check-Cashing Service; Establishment and Audit of Cash Funds - The treasurer may provide a check-cashing service at his or...

§12-4-14. West Virginia Grant Transparency and Accountability Act; Accountability of Grantees Receiving State Funds or Grants, Procedures, Reporting, Auditing, Investigations, and Recovery; Sworn Statements by Volunteer Fire Departments; Rule Making,... - (a) This section may be cited as The West Virginia...

§12-4-14a. Workers' Compensation Subsidy for Volunteer Fire Departments; Creation of Program; Auditor to Administer - (a) For the purposes of this section: (1) "Fiscal year"...

§12-4-14b. Accountability of Volunteer and Part-Volunteer Fire Companies or Departments Receiving State Funds for Equipment and Training; Review or Audit of Expenditures; Withholding of State Funds for Delinquency or Misuse; Notifications - (a) Definitions. For the purposes of this section: "Equipment and...

§12-4-15. Bank at School - (a) The State Treasurer may conduct a program in West...

§12-4-16. Transfer of Specified Excess Funds - (a) The treasurer has authority to monitor all state funds...

§12-4-17. Retention and Disposal of Treasurer's Records - The Treasurer shall develop procedures for the storage, retention and...

Article 4A. Centralized Management of Complaints

§12-4A-1. Legislative Findings - The Legislature finds that there is no centralized state authority...

§12-4A-2. General Purpose - The State Auditor shall have authority to receive reports of...

§12-4A-3. Duties Generally - (a) The State Auditor may employ a forensic accountant to...

§12-4A-4. Enforcement - (a) The authority to enforce the provisions of this article...

Article 4B. Computer Donation Program

§12-4B-1. Legislative Findings - The Legislature finds that: (a) Educational facilities, nonprofit organizations, juvenile...

§12-4B-2. Computer Donation Program Created - (a) Notwithstanding any other provision of this code to the...

§12-4B-3. Legislative Rules - The State Auditor shall propose legislative rules in accordance with...

§12-4B-4. Severability - If any provision or application of this article is held...

Article 5. Public Securities

§12-5-1. Securities Defined - The term "securities" when used in this article shall include...

§12-5-2. Treasurer Custodian of Securities; Charges to Companies for Care, Exchange and Substitution of Securities - (a) The treasurer of this state, unless otherwise expressly provided...

§12-5-3. Legislative Auditor to Examine and List Securities - Before July 1, 2001 and at least every two fiscal...

§12-5-4. Treasurer to Keep Accounts and Make Collections - The Treasurer shall keep an accurate account of all securities...

§12-5-5. Protection and Handling of Securities - (a) The noncash securities retained in the treasury shall be...

§12-5-6. When Notes Deemed Securities; Appraisal - (a) Whenever, by statute of this state, any public official,...

§12-5-7. Treasurer as Financial Advisor; Selection of Necessary Parties; Employment of Bond Counsel - Unless otherwise specifically provided by law, the treasurer may select...

Article 6. West Virginia Investment Management Board

§12-6-1. Purposes and Objects; How Article Cited - This article, which may be cited as the "West Virginia...

§12-6-1a. Legislative Findings - (a) The Legislature hereby finds and declares that all the...

§12-6-2. Definitions - As used in this article, unless a different meaning clearly...

§12-6-3. West Virginia Investment Management Board Continued; Body Corporate; Trust Fund Board; Trustees; Nomination and Appointment of Trustees, Qualifications and Terms of Appointment, Advice and Consent; Annual and Other Meetings; Designation of R... - (a) There is hereby continued the West Virginia investment management...

§12-6-4. Management and Control of Fund; Officers; Staff; Fiduciary or Surety Bonds for Trustees; Liability of Trustees - (a) The management and control of the board shall be...

§12-6-5. Powers of the Board - The board may exercise all powers necessary or appropriate, in...

§12-6-5a. Legislative Findings and Limitation on Certain Board Actions - (a) The Legislature hereby finds and declares that, during the...

§12-6-6. Annual Audits; Reports and Information to Constitutional and Legislative Officers, Council of Finance and Administration, Consolidated Public Retirement Board, Workers' Compensation Fund and Coal-Workers' Pneumoconiosis Fund; Statements and... - (a) The board shall cause an annual financial and compliance...

§12-6-7. Legal Status of Agencies and Boards Continued - Except as otherwise provided in this article, every state agency...

§12-6-8. Investment Funds Established; Management Thereof - (a) There is continued a special investment fund designated as...

§12-6-9. Fees for Service - The board may charge fees, which may be subtracted from...

§12-6-9a. Trust Indenture - The provisions of the trust indenture entered into by the...

§12-6-9c. Authorization of Additional Investments - Notwithstanding the restrictions which may otherwise be provided by law...

§12-6-9e. Legislative Findings; Loans for Industrial Development; Availability of Funds and Interest Rates - (a) The Legislature hereby finds and declares that the citizens...

§12-6-9h. Securities Handling - In financial transactions whereby securities are purchased by the board...

§12-6-11. Standard of Care and Investment Requirements; Disclosure of Information - (a) Any investments made under this article shall be made...

§12-6-13. Board as Agency for Investments; Exceptions - All duties vested by law in any agency, commission, official...

§12-6-14. Reports of Board; Legislative Audits, Reviews and Studies - (a) The board shall prepare annually, or more frequently if...

§12-6-16. Existing Investments - The board shall be vested with ownership of all securities...

§12-6-17. Severability of Provisions - If any provision of this article, or the applicability thereof...

§12-6-18. Liberal Construction - This article, being necessary to secure the public health, safety,...

§12-6-19. Authorization for Loans by the Board - (a) The board, upon request of the state building commission,...

§12-6-20. Continuation of Board - Repealed. Acts, 2010 Reg. Sess., Ch. 32.

§12-6-21. Investment With Regional Jail and Correctional Facility Authority - (a) The Legislature finds and declares: (1) That the supreme...

Article 6A. The Debt Management Act of 1991

§12-6A-1. Short Title - This article shall be known and may be cited as...

§12-6A-2. Legislative Findings and Declaration of Public Necessity - The Legislature hereby finds and declares that in order to...

§12-6A-3. Division of Debt Management Continued; Director - (a)The Division of Debt Management is continued in the office...

§12-6A-4. Definitions - For the purpose of this article: "Debt" means bonds, notes,...

§12-6A-5. Powers and Duties - The Division of Debt Management shall perform the following functions...

§12-6A-6. Reporting - (a) Within fifteen days following the end of each calendar...

§12-6A-7. Promulgation of Rules - The Treasurer shall propose rules for legislative approval relating to...

Article 6C. West Virginia Board of Treasury Investments

§12-6C-1. Purposes and Objects; How Article Cited - This article, cited as the West Virginia Treasury Investments Act,...

§12-6C-2. Legislative Findings - (a) The Legislature finds and declares that the Consolidated Fund...

§12-6C-3. Definitions - As used in this article, unless a different meaning clearly...

§12-6C-4. West Virginia Board of Treasury Investments Created; Body Corporate; Board; Directors; Nomination and Appointment of Directors, Qualifications and Terms of Appointment, Advice and Consent; Annual and Other Meetings; Committees; Board Approv... - (a) The West Virginia Board of Treasury Investments is created...

§12-6C-5. Powers of the Board - The Board may exercise all powers necessary or appropriate to...

§12-6C-6. Consolidated Fund Continued; Management - (a) The consolidated fund is continued and notwithstanding any provision...

§12-6C-7. Management and Control of Fund; Officers; Staff; Fiduciary or Surety Bonds for Directors; Liability of Directors - (a) The management and control of the Consolidated Fund is...

§12-6C-8. Administration of Consolidated Fund - (a) In the administration of the Consolidated Fund continued by...

§12-6C-9. Asset Allocation; Investment Policies, Authorized Investments; Restrictions - (a) The board shall develop, adopt, review, or modify an...

§12-6C-10. Investment Authority for Consolidated Fund Transferred to Board; Exceptions - Effective July 1, 2005, all duties vested by law in...

§12-6C-11. Legislative Findings; Loans for Industrial Development; Availability of Funds and Interest Rates - (a) Subject to a liquidity determination, the West Virginia Board...

§12-6C-11a. Broadband Loan Insurance Program; Requirements - (a) Definitions. For the purposes of this section, the following...

§12-6C-11b. Infrastructure Investment Reimbursement Fund - (a) The West Virginia Board of Treasury Investments shall make...

§12-6C-12. Securities Handling - In financial transactions whereby securities are purchased by the Board...

§12-6C-13. Standard of Care - (a) The Uniform Prudent Investor Act, codified in article six-c,...

§12-6C-14. Existing Investments - The Investments Management Board shall transfer the cash, securities and...

§12-6C-15. Annual Audits; Financial Statements; Information - (a) The Board shall have an annual financial and compliance...

§12-6C-16. Reports to Participants - (a) On a monthly basis, the Board shall timely provide...

§12-6C-17. Legal Status of Spending Units Continued - Except as otherwise provided in this article, every state spending...

§12-6C-18. Authorization for Loans by the Board - (a) Any loan made from the Consolidated Fund by a...

§12-6C-19. Creation of Fee Account and Investment Account; Budget - (a) The Board may charge fees, which are subtracted from...

§12-6C-20. Termination of Board - Pursuant to the provisions of article ten, chapter four of...

Article 6D. West Virginia Enterprise Resource Planning Board

§12-6D-1. West Virginia Enterprise Resource Planning Board Created; Board Composition and Purpose; Enterprise Resource Planning Defined - (a) As used in this article "enterprise resource planning" means...

§12-6D-2. Powers of the Board - The board may: (1) Adopt and use a common seal...

§12-6D-3. Management and Control of Enterprise Resource Planning System; Designation of Chair; Meetings; Executive Session - (a) The board shall manage and control the Enterprise Resource...

§12-6D-4. Steering Committee Created; Powers and Authority - (a) There is created a sixteen member steering committee of...

§12-6D-5. Enterprise Resource Planning Fund - There is hereby created a fund in the State Treasury...

§12-6D-6. Transfer of Enterprise Resource Planning Funds - The unencumbered balances of all funds allocated to the enterprise...

§12-6D-7. Establishing State Vehicle Fixed Assets Record Keeping - The West Virginia Enterprise Resource Planning Board shall, after consulting...

Article 6E. West Virginia Impact Fund

§12-6E-1. Definitions - As used in this article, unless a different meaning clearly...

§12-6E-2. West Virginia Impact Fund - (a) There is hereby created within the State Treasury a...

§12-6E-3. Purpose and Goal; Investment Standards - (a) The purpose of this article is to continue the...

§12-6E-4. Establishment of the Investment Committee; Appointments; Removal; Vacancy; Quorum - (a) There is hereby created the Investment Committee, as an...

§12-6E-5. Powers and Duties of Investment Committee; Disclosure of Interests; Standard of Care - (a) The Investment Committee shall have the authority to (1)...

§12-6E-6. Establishment of the Mountaineer Impact Office; Managing Director; Project Proposals; Monitoring Performance; Consultation With Investment Management Board; Insurance - (a) There is hereby created the Mountaineer Impact Office. The...

§12-6E-7. Computation of Income; Audits; Annual Report - (a) The Mountaineer Impact Office shall cause the income from...

§12-6E-8. Role of the Investment Management Board; Immunity From Liability - The Investment Committee or the Mountaineer Impact Office may consult...

§12-6E-9. Immunities of Investment Committee and Mountaineer Impact Office; Exemptions - (a) The doctrine and principles of sovereign immunity extend to...

§12-6E-10. Political Activities - (a) The resources of the West Virginia Impact Fund, the...

§12-6E-11. Confidential Information - The reports described in §12-6E-7 of this code shall be...

Article 7. Jobs Investment Trust Fund

§12-7-1. Purposes and Objectives; How Article Cited - This article, which may be cited as the "Jobs Investment...

§12-7-2. Legislative Findings - (a) The Legislature finds that the Jobs Investment Trust is...

§12-7-3. Definitions - For purposes of this article: (a) "Board" means the West...

§12-7-4. Jobs Investment Trust Board; Termination; Vesting With the Economic Development Authority - (a) The Jobs Investment Trust Board is hereby terminated, and...

§12-7-5. Management and Control of Jobs Investment Trust Vested in Board; Officers; Liability; Authority of Executive Director to Act on Behalf of Board; Relationship to Higher Education Institutions - (a) It is the duty of the board to manage...

§12-7-6. Corporate Powers - The board may: (1)( A) Make loans to eligible businesses...

§12-7-7. Limitation on Investments - Subject to the provisions of 12-7-9 of this code, the...

§12-7-8. Funding - [Repealed.]

§12-7-8a. New Millennium Fund; New Millennium Fund Promissory Notes; Nonincentive Tax Credits; Rulemaking - (a) The new millennium fund is continued to permit the...

§12-7-9. Applications for Investment Priority; Investment Package - (a) The board shall accept and review applications from eligible...

§12-7-10. Acceptance or Rejection of Investment Package - (a) The board may approve or disapprove an investment package...

§12-7-11. Documentary Materials Concerning Trade Secrets; Commercial, Financial or Personal Information; Confidentiality - Any documentary material or data made or received by the...

§12-7-12. Reports of Board; Report of Housing Development Fund - NOTE: West Virginia Code 12-7-12 was amended by two bills...

§12-7-13. Earnings - All earnings, interest and fees collected by the board on...

§12-7-14. Exemption From Certain Requirements; Audit - In order to provide excellent investment opportunities and to effectively...

§12-7-15. Conflicts of Interest - (a) No member of the board or officer, agent or...

§12-7-16. Credit of State Not Pledged - The provisions of this article do not and shall not...

Article 8. Pension Liability Redemption

§12-8-1. Short Title - This article shall be known and may be cited as...

§12-8-2. Declaration of Policy; Legislative Findings; Legislative Intent - The Legislature finds and declares that: (a) The Legislature has...

§12-8-3. Definitions - As used in this article, unless the context clearly requires...

§12-8-4. Issuance of Bonds; Determination of Unfunded Actuarial Accrued Liability - (a) The Governor may, as provided by this article, issue...

§12-8-5. Method of Bond Issuance; Manner of Sale of Bonds; Authority of Department of Administration - (a) Upon the adoption of a resolution by the Legislature...

§12-8-6. Contracts With Obligation Holders; Provisions of Bonds and Trust Indentures and Other Agreements - (a) The Governor may enter into contracts with obligation holders...

§12-8-7. Proceeds From the Sale of Bonds - (a) The proceeds from the sale of bonds, other than...

§12-8-8. Continuation of Pension Liability Redemption Fund; Disbursements to Pay Pension Liability Redemption Payments - (a) There is hereby continued a special account in the...

§12-8-9. Refunding Bonds - Subject to the provisions of the outstanding bonds issued under...

§12-8-10. State Pledges and Covenants - (a) The State of West Virginia covenants and agrees with...

§12-8-11. Legal Remedies of Obligation Holders - Any obligation holder, except to the extent that the rights...

§12-8-12. Nature of Bonds; Legal Investments - (a) The bonds issued under the provisions of this article...

§12-8-13. Exemption From Taxation - All bonds issued under the provisions of this article and...

§12-8-14. Supersedure - It is the intent of the Legislature that in the...

§12-8-15. Operation of Article - Notwithstanding the effective date of this Act of the Legislature,...

§12-8-16. Severability - If any section, subsection, subdivision, subparagraph, sentence or clause of...

Article 9. Savings and Investment Program Fulfillment Fund

§12-9-1. Special Revenue Account Continued - There is continued in the State Treasury the special revenue...

§12-9-2. Receipts and Expenditures - (a) The West Virginia Savings and Investment Program Fulfillment Fund...

§12-9-3. Investment of Fund - The State Treasurer is authorized to invest and reinvest moneys...

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West Virginia Code Chapter 12. Public Moneys and Securities

West Virginia Code
Chapter 12. Public Moneys and Securities