§12-6-21. Investment With Regional Jail and Correctional Facility Authority
(a) The Legislature finds and declares: (1) That the supreme court of appeals has determined and ordered that the constitution of this state imposes a duty on behalf of the state to make significant improvements in the jail and correctional facility system, including the duty to make capital improvements to facilities and to pay for […]
§12-6-14. Reports of Board; Legislative Audits, Reviews and Studies
(a) The board shall prepare annually, or more frequently if considered necessary by the board, a report of its operations and the performance of the various funds administered by it. The report shall include all operational costs, including, but not limited to, investment advisor fees, transaction costs, custody fees, and administrative salaries and costs. (b) […]
§12-6-16. Existing Investments
The board shall be vested with ownership of all securities or other investments lawfully held by the board of investments or the West Virginia trust fund as of the effective date of this article. All obligations and assets of the board of investments and the West Virginia trust fund, inc., shall be vested in the […]
§12-6-17. Severability of Provisions
If any provision of this article, or the applicability thereof to any person or circumstance, is held invalid, the remainder of this article and the applicability thereof and of such provision to other persons or circumstances shall not be affected thereby.
§12-6-18. Liberal Construction
This article, being necessary to secure the public health, safety, convenience and welfare of the citizens of this state, shall be liberally construed to effect the public purposes of this article. The powers granted to the board in this article, including, without limitation, those granted in section five of this article, are intended to be […]
§12-6-19. Authorization for Loans by the Board
(a) The board, upon request of the state building commission, shall transfer moneys as a loan to the state building commission in an amount not to exceed in the aggregate $21,000,000 for the purposes of financing or refinancing the projects specified in subsections (b) and (d), section eight, article six, chapter five of this code. […]
§12-6-20. Continuation of Board
Repealed. Acts, 2010 Reg. Sess., Ch. 32.
§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 Reports Open for Inspection
(a) The board shall cause an annual financial and compliance audit of the assets managed by the board to be made by a certified public accounting firm which has a minimum staff of ten certified public accountants and which is a member of the American institute of certified public accountants and, if doing business in […]
§12-6-7. Legal Status of Agencies and Boards Continued
Except as otherwise provided in this article, every state agency or board shall continue to have all of the powers and shall exercise all of the functions and duties vested in or imposed upon it by law, as to any fund, and shall continue to be constituted as provided by existing law.
§12-6-8. Investment Funds Established; Management Thereof
(a) There is continued a special investment fund designated as the Consolidated Fund. Effective June 30, 2005, the power and authority of the board as to the consolidated fund terminates. On July 1, 2005, the board shall transfer the consolidated fund, all moneys, obligations, assets, securities and other investments of the consolidated fund and all […]