reglab/housing_qa huggingface dataset:
WV Code § 12-6A-7 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6A. The Debt Management Act of 1991|§12-6A-7. Promulgation of Rules

The Treasurer shall propose rules for legislative approval relating to the reporting requirements and duties under this article in accordance with the provisions of article three, chapter twenty-nine-a of this code.
WV Code § 12-6C-1 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-1. Purposes and Objects; How Article Cited

This article, cited as the West Virginia Treasury Investments Act, is enacted to provide for the investment and management of the Consolidated Fund for the purposes of making state moneys more accessible to state government and allowing the Investment Management Board to focus on long-term investment of the trust estates it manages pursuant to article six of this chapter.
WV Code § 12-6C-2 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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 and provides reporting services for participants in the Consolidated Fund.(c) The Legislature finds and declares that the transfer of the Consolidated Fund to the West Virginia Board of Treasury Investments will allow for management of the fund within state government and will encourage better cash management of state moneys.(d) The Legislature finds and declares that a public body corporate within state government with appropriate governance is the best means of assuring reasonable access to and prudent management and investment of the Consolidated Fund.(e) The Legislature finds and declares that in accomplishing these purposes, the West Virginia Board of Treasury Investments is acting in all respects for the benefit of the citizens of the state in managing and investing the Consolidated Fund.(f) The Legislature further finds and declares that it is in the best interests of the state, its citizens and the political subdivisions to create the West Virginia Board of Treasury Investments to manage and invest the Consolidated Fund to: (1) Provide focused investment services for the operating funds of the state and of its political subdivisions; (2) provide better management of all state funds within state government; and (3) allow the West Virginia Investment Management Board to focus on the long-term investment of the trust estates it manages pursuant to article six of this chapter.
WV Code § 12-6C-3 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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 or to the West Virginia Investment Management Board in connection with investing moneys in the Consolidated Fund means the Board as defined in this subdivision;(2) "Consolidated fund" means the investment fund continued in section six of this article and transferred to the Board by the West Virginia Investment Management Board for Management and Investment;(3) "Director" means any member serving on the Board;(4) "Local government funds" means the moneys of a political subdivision, including policemen's and firemen's pension and relief funds, and volunteer fire department funds, transferred to the Board for deposit;(5) "Participant" means any state government spending unit or political subdivision which transfers moneys to the Board for investment;(6) "Political subdivision" means and includes a county, municipality or any agency, authority, board, county board of education, commission or instrumentality of a county or municipality and regional councils created pursuant to the provisions of section five, article twenty-five, chapter eight of this code;(7) "Securities" means all bonds, notes, debentures or other evidences of indebtedness and other lawful investment instruments; and(8) "State funds" means all moneys of the state which may be lawfully invested except for the "school fund" established by section four, article XII of the State Constitution.
WV Code § 12-6C-6 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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 representations, the State Treasurer shall send the moneys to the West Virginia Board of Treasury Investments or to the Investment Management Board for investment.(c) Each political subdivision of this state through its treasurer or equivalent financial officer may enter into agreements with the State Treasurer for the investment of moneys of the political subdivision. Any political subdivision may enter into an agreement with the state spending unit from which it receives moneys to allow the board to invest the moneys.(d) Moneys held in the various funds and accounts administered by the board are invested as permitted by this article and subject to the restrictions contained in this article.(e) The State Treasurer shall maintain records of the deposits and withdrawals of each participant and the performance of the various funds, pools and accounts. The board shall report the earnings on the funds, pools, and accounts under management to the State Treasurer at the times determined by the State Treasurer.(f) The board shall establish policies for the administration of the various funds, pools and accounts authorized by this article as it determines necessary. The policies may specify the minimum amounts and timing of deposits and withdrawals and any other matters authorized by the board.(g) Notwithstanding any provision of this code to the contrary, the funds, pools and securities maintained or invested in by the board in accordance with this article are authorized investments for all local government funds.
WV Code § 12-6C-7 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-7. Management and Control of Fund; Officers; Staff; Fiduciary or Surety Bonds for Directors; Liability of Directors

(a) The management and control of the Consolidated Fund is vested solely in the Board in accordance with the provisions of this article.(b) The State Treasurer is the chairperson of the Board. The Board shall elect a vice chairperson. Annually, the directors shall elect a secretary to keep a record of the proceedings of the Board and provide any other duties required by the board. The board may elect a person who is not a member of the board as secretary.(c) The board may use the staff of the State Treasurer, employ personnel and contract with any person or entity needed to perform the tasks related to operating the Consolidated Fund.(d) The Board shall retain an internal auditor to report directly to the Board and shall fix his or her compensation. As a minimum qualification, the internal auditor shall be a certified public accountant with at least three years' experience as an auditor. The internal auditor shall develop an internal audit plan, with board approval, for the testing of procedures, internal controls and the security of transactions.(e) The Board may retain one employee with a chartered financial analyst designation or an employee who is a certified treasury manager.(f) Each director shall give a separate fiduciary or surety bond from a surety company qualified to do business within this State in a penalty amount of one million dollars for the faithful performance of his or her duties as a director. The Board shall purchase a blanket bond for the faithful performance of its duties in the amount set by the board of at least $10 million. The amount of the blanket bond is in addition to the $1 million individual bond required of each director by the provisions of this section. The Board may require a fiduciary or surety bond from a surety company qualified to do business in this state for any person who has charge of, or access to, any securities, funds or other moneys held by the board and the amount of the fiduciary or surety bond are fixed by the board. The premiums payable on all fiduciary or surety bonds are expenses of the board.(g) The directors, employees of the Board and employees of the State Treasurer performing work for or on behalf of the Board are not liable personally, either jointly or severally, for any debt or obligation created by the Board: Provided, That the directors and employees of the Board are liable for acts of misfeasance or gross negligence.(h) The board is exempt from the provisions of article three, chapter five-a, and sections seven and eleven, article three, chapter twelve of this code. However, the board is subject to the purchasing policies and procedures of the State Treasurer's Office.
WV Code § 12-6C-8 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-8. Administration of Consolidated Fund

(a) In the administration of the Consolidated Fund continued by this article, the board may:(1) Purchase, retain, hold, transfer and exchange and sell, at public or private sale, the whole or any part of the fund or pools upon any terms and conditions it considers advisable;(2) Invest and reinvest the fund and pools or any part thereof in fixed income securities as provided in this article;(3) Carry the securities and other property held in trust either in the name of the board or in the name of its nominee;(4) Vote, in person or by proxy, all securities held; join in or dissent from and oppose the reorganization, recapitalization, consolidation, merger, liquidation or sale of corporations or property; exchange securities for other securities issued in connection with or resulting from any transaction; pay any assessment or expense which the board considers advisable for the protection of its interest as holder of the securities; exercise any option appurtenant to any securities for the conversion of any securities into other securities; and exercise or sell any rights issued upon or with respect to the securities of any corporation, all upon terms the board considers advisable;(5) Prosecute, defend, compromise, arbitrate or otherwise adjust or settle claims in favor of or against the board or a director;(6) Employ and pay from the fund any investment advisors, brokers, counsel, managers and any other assistants and agents the board considers advisable;(7) Develop, implement and modify an asset allocation plan and investment policy for each fund or pool; and(8) Create a local government investment pool, a program to purchase certificates of deposit from West Virginia financial institutions that are state depositories and any funds, pools or participant accounts needed.(b) All income and earnings are free from anticipation, alienation, assignment or pledge by, and free from attachment, execution, appropriation or control by or on behalf of, any and all creditors of any beneficiary by any proceeding at law, in equity, in bankruptcy or insolvency.(c) The board shall render an annual accounting not more than one hundred twenty days following the close of the fiscal year.
WV Code § 12-6C-10 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-10. Investment Authority for Consolidated Fund Transferred to Board; Exceptions

Effective July 1, 2005, all duties vested by law in state spending units and the West Virginia Investment Management Board relating to the Consolidated Fund are transferred to the Board, including without limitation the investment of moneys, and the acquisition, sale, exchange or disposal of securities or any other investment: Provided, That neither this section nor any other section of this article applies to the "board of the school fund" and the "school fund" established by section 4, article XII of the State Constitution: Provided, however, That the municipal bond commission may make funds under its control available to the board for investment.
WV Code § 12-6C-12 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-12. Securities Handling

In financial transactions whereby securities are purchased by the Board under an agreement providing for the resale of the securities to the original seller at a stated price, the Board shall take physical possession of the securities, directly, by its custodian bank or through a neutral third party: Provided, That an agreement with a neutral third party may not waive liability for the handling of the securities: Provided, however, That when the board is unable to take possession, directly, by its custodian bank or through a mutual third party, the Board may leave securities in a segregated account with the original seller, provided the amount of the securities with any one seller may not exceed $150 million.
WV Code § 12-6C-13 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-13. Standard of Care

(a) The Uniform Prudent Investor Act, codified in article six-c, chapter forty-four of this code, is the standard for any investments made under this article. Investments are further subject to the following:(1) The directors shall diversify fund investment so as to minimize the risk of large losses unless, under the circumstances, it is clearly prudent not to do so;(2) The directors shall defray reasonable expenses of investing and managing the Consolidated Fund by charging fees as provided in this article; and(3) The directors shall discharge their duties in accordance with the documents and instruments consistent with the provisions of this article.(b) The duties of the directors apply only with respect to those assets deposited with or otherwise held by the Board.
WV Code § 12-6C-14 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-14. Existing Investments

The Investments Management Board shall transfer the cash, securities and other investments of the Consolidated Fund it holds, maintains or administers to the West Virginia Board of Treasury investments on July 1, 2005, which will lawfully vest the West Virginia Board of Treasury Investments with ownership of all securities or other investments of the Consolidated Fund.
WV Code § 12-6C-15 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-15. Annual Audits; Financial Statements; Information

(a) The Board shall have an annual financial and compliance audit of the assets, funds, pools and participant accounts managed by the Board 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 West Virginia, a member of the West Virginia Society of Certified Public Accountants. The Board shall have financial and compliance audits of the Board's books, accounts and records with respect to its receipts, disbursements, investments, contracts and all other matters relating to its financial operations completed annually.(b) The Board shall produce monthly financial statements for the assets managed by the Board and send them to each member of the Board and provide copies as reasonably requested.(c) Each quarter the Board shall deliver a report for the prior quarter to the Council of Finance and Administration.(d) The Board shall contract with an investment consulting or a certified public accounting firm meeting the criteria set out in subsection (a) of this section for an annual audit of the reported returns of the assets managed by the Board.(e) The Board shall prepare an annual report detailing all fees charged by the Board under this article. The Board shall furnish copies of the report to the Legislative Joint Committee on Government and Finance.(f) Unless specifically otherwise stated, copies of the reports required in this section shall be furnished to the Board, Governor, President of the Senate, Speaker of the House of Delegates, Council of Finance and Administration, Legislative Librarian and upon request to any legislator, legislative committee, financial institution, member of the media and the public.(g) The Board shall provide any other information requested in writing by the Council of Finance and Administration or any member of the Legislature.
WV Code § 12-6C-16 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-16. Reports to Participants

(a) On a monthly basis, the Board shall timely provide the State Treasurer with information to enable the State Treasurer to provide an itemized statement of a spending unit's or other participant's account in the Consolidated Fund to each state spending unit and any other entity investing moneys in the Consolidated Fund. The statement shall include the beginning balance, contributions, withdrawals, income distributed, change in value and ending balance.(b) The Board shall prepare annually, or more frequently if determined necessary by the Board, a report of its operations and the performance of the various funds, pools and participant accounts administered by it. The Board shall furnish copies of the report to each participant, the President of the Senate, Speaker of the House of Delegates, Legislative Auditor, and upon request to any legislative committee, any legislator, any banking institution or state or federal savings and loan association in this state and any member of the news media. The Board shall also keep the reports available for inspection by any citizen of this state.
WV Code § 12-6C-17 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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.
WV Code § 12-6C-18 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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 any loans authorized by the Legislature without increasing the risk of loss.
WV Code § 12-6C-19 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§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 Fund shall be for the purposes set forth in this article and are not authorized from collections, but are to be made only in accordance with appropriation by the Legislature, in accordance with the provisions of article three, chapter twelve of this code and upon the fulfillment of the provisions set forth in article two, chapter eleven-b of this code: Provided, That for the fiscal year ending the June 30, 2006, expenditures are authorized from collections rather than pursuant to an appropriation by the Legislature.(b) There is created in the State Treasury a special account designated the Board of Treasury Investments Investment Fund for use in receiving funds for investment, disbursing funds from investments and processing investment transactions.(c) All fees dedicated, identified or readily identifiable to an entity, fund, pool or participant account shall be charged to that entity, fund, pool or participant account and all other fees shall be charged as a percentage of assets under management. At its annual meeting, the Board shall adopt a fee schedule and a budget reflecting fee schedules.
WV Code § 12-6C-20 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6C. West Virginia Board of Treasury Investments|§12-6C-20. Termination of Board

Pursuant to the provisions of article ten, chapter four of this code, the West Virginia Board of Treasury Investments shall continue to exist until July 1, 2010.
WV Code § 12-6D-1 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6D. West Virginia Enterprise Resource Planning Board|§12-6D-1. West Virginia Enterprise Resource Planning Board Created; Board Composition and Purpose; Enterprise Resource Planning Defined

(a) As used in this article "enterprise resource planning" means the implementation of software applications to achieve the comprehensive integration of data sources and processes of state agencies into a unified system that includes the state's financial management, procurement, personnel, payroll, budget development and other administrative business processes.(b) There is created the West Virginia Enterprise Resource Planning Board, whose purpose is to develop, implement and manage the Enterprise Resource Planning System.(c) The board consists of the Governor, Auditor and the Treasurer, who serve by virtue of their offices and are not entitled to compensation under the provisions of this article.
WV Code § 12-6D-2 (2021)
2021 West Virginia Code|Chapter 12. Public Moneys and Securities|Article 6D. West Virginia Enterprise Resource Planning Board|§12-6D-2. Powers of the Board

The board may:(1) Adopt and use a common seal and alter it at pleasure;(2) Sue and be sued;(3) Enter into contracts and execute and deliver instruments;(4) Acquire by purchase, gift or otherwise, hold, use and dispose of real and personal property, deeds, mortgages and other instruments;(5) Accept and receive gifts, grants and other moneys from any source;(6) Promulgate and enforce by-laws and rules for the management and conduct of its affairs;(7) Propose legislative rules, including emergency rules, in accordance with article three, chapter twenty-nine-a of this code to establish a user fee for the maintenance of the Enterprise Resource System;(8) Contract with and retain legal, accounting, financial and information technology managers, advisors and consultants;(9) Delegate to the committee any and all duties of the board deemed necessary and convenient to effectuate the intent of this article;(10) Review and ratify or overrule any decision of the steering committee;(11) Review written appeals submitted by the steering committee chairman at the request of a committee member; and(12) Do all things necessary or convenient to implement and operate the board and carry out the purposes of this article.