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Home » US Law » 2022 West Virginia Code » Chapter 12. Public Moneys and Securities » Article 6C. West Virginia Board of Treasury Investments » §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 Approval of Investment Policies Required; Open Meetings, Qualifications

(a) The West Virginia Board of Treasury Investments is created as a public body corporate and established to provide prudent fiscal administration, investment, and management for the Consolidated Fund.

(b) Any appointment to the board is effective immediately upon appointment by the Governor with respect to voting, constituting a quorum, receiving expenses, and all other rights and privileges of the director position. A trustee of the West Virginia Investment Management Board other than the Governor, State Treasurer, or State Auditor is not eligible to serve as a director of the board.

(c) The board shall consist of five directors, as follows:

(1) The Governor, the State Treasurer, and the State Auditor or their designees. They shall serve by virtue of their offices and are not entitled to compensation under the provisions of this article. The Governor, State Treasurer, and State Auditor or their designees are subject to all duties, responsibilities, and requirements of the provisions of this article; and