Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb2939%20intr.htm&yr=2005&sesstype=RS&i=2939
Timestamp: 2018-04-23 04:07:18
Document Index: 629512442

Matched Legal Cases: ['§12', '§12', '§12', '§12', '§44', '§12', '§12', '§44']

Introduced Version House Bill 2939 History
hb2939 intr
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §12-1-12b, relating to the Federal Cash Management Act; and effectuating current practice by establishing specific authorization for the State Treasurer to continue as the authorized official and representative as part of the cash management duties.
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §12-1-12b, to read as follows:
House Finance Tittle Amendment
H. B. 2939 -- " A BILL to amend the code of West Virginia, 1931, as amended, by adding thereto a new section, designated §12-1-12b; to amend and reenact §12-3A-3 of said code; and to amend and reenact §44-1-28, all relating generally to the administration of moneys held by the state; establishing specific authorization for the State Treasurer to continue as the authorized official and representative as part of the cash management duties; allowing the auditor and treasurer to accept electronic submittal of documents without certification, notarization or verification under certain circumstances; and authorizing the treasurer to remit property to heirs under certain circumstances and establishing effect of such remittance."
"That the code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §12-1-12b; that §12-3A- 3 of said code be amended and reenacted; and that §44-1-28 of said code be amended and reenacted, all to read as follows:
(b) When the state treasurer holds property in accordance with article eight, chapter thirty-six of this code on behalf of a decedent whose estate has no qualification or is closed and the amount of the property is five thousand dollars or less, the treasurer may remit the property to the surviving spouse of the decedent, if any; and if no spouse survives the decedent, then to the distributees of the decedent under the laws of the State of West Virginia. Payment in accordance with this section is in full discharge and acquittance to all persons whomsoever on account of the property."