§12-6C-17. Legal Status of Spending Units Continued
Except as otherwise provided in this article, every state spending unit shall retain 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 or account.
§12-6C-18. Authorization for Loans by the Board
(a) Any loan made from the Consolidated Fund by a predecessor entity shall remain in existence and in accordance with the terms and conditions of the loan. (b) The Board shall continue the work of the Investment Management Board in taking the steps necessary to increase the liquidity of the Consolidated Fund to allow for […]
§12-6C-19. Creation of Fee Account and Investment Account; Budget
(a) The Board may charge fees, which are subtracted from the total return on investments, for the reasonable and necessary expenses incurred by the Board in rendering services. All fees collected shall be deposited in a special account in the State Treasury created and designated the Board of Treasury Investments Fee Fund. Expenditures from the […]
§12-6C-11a. Broadband Loan Insurance Program; Requirements
(a) Definitions. For the purposes of this section, the following terms have the following meanings: (1) “Authority” refers to the West Virginia Economic Development Authority.
§12-6C-11b. Infrastructure Investment Reimbursement Fund
(a) The West Virginia Board of Treasury Investments shall make available to the Department of Transportation, subject to a liquidity determination, a revolving loan of up to $200 million from the Consolidated Fund for the purposes authorized by this section. The loan moneys requested and authorized pursuant to subsection (b) of this section shall be […]
§12-6C-2. Legislative Findings
(a) The Legislature finds and declares that the Consolidated Fund should benefit from financial professionals dedicated to and focused on the sound administration, investment and management of the Fund. (b) The Legislature finds and declares that the State Treasurer currently enters into agreements on behalf of the West Virginia Investment Management Board with political subdivisions […]
§12-6C-3. Definitions
As used in this article, unless a different meaning clearly appears from the context: (1) "Board" means the governing body for the West Virginia Board of Treasury Investments. References in this code to the entity investing the moneys of the Consolidated Fund, to the West Virginia Board of Investments, to the West Virginia Trust Fund […]
§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 […]
§12-6C-5. Powers of the Board
The Board may exercise all powers necessary or appropriate to carry out and effectuate its corporate purposes. The Board may: (1) Adopt and use a common seal and alter it at pleasure;
§12-6C-6. Consolidated Fund Continued; Management
(a) The consolidated fund is continued and notwithstanding any provision of this code to the contrary, is vested in the West Virginia Board of Treasury Investments on July 1, 2005. (b) Each spending unit authorized to invest moneys shall unless prohibited by law, request the State Treasurer to invest its moneys. Based upon spending unit […]