§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Repealed.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.
§12-6-21. 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 […]
§12-6A-1. Short Title
This article shall be known and may be cited as "The Debt Management Act".
§12-6A-2. Legislative Findings and Declaration of Public Necessity
The Legislature hereby finds and declares that in order to maintain the strong financial management of the state, to meet the fiscal needs of state government and to facilitate financing essential capital projects at the lowest possible cost to the citizens of the state, the state must regularly monitor the amount of debt issued by […]
§12-6A-3. Division of Debt Management Continued; Director
(a)The Division of Debt Management is continued in the office of the State Treasurer. (b) The Division shall serve as a central information source concerning the incurrence, recording and reporting of debt issued by the state and its spending units, and shall prepare reports pertaining to the capacity of the state and its spending units […]
§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) […]