§5A-2-19a. Special reports by spending units; notification of pending matters having impact on future expenditure requirements


Published: 2015

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WEST VIRGINIA CODE











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WVC 5A-2-19A

§5A-2-19a. Special reports by spending units; notification of

pending matters having impact on future expenditure

requirements.

(a) Within ninety days following the end of each fiscal year,

each spending unit within state government shall submit a detailed

report and accounting of all substantial unbudgeted contingent

liabilities that may have a substantial and material impact on

spending obligations in subsequent fiscal years. Each report is to

include, but not be limited to, pending legal actions, unresolved

audit findings and any other activities that are reasonably

predicted to have an impact on future expenditures by the state.

(b) All reports are to be submitted to the secretary on forms

and in the manner prescribed by the secretary. Within thirty days

of receipt of each final report, the secretary shall forward a copy

to the joint committee on government and finance.

(c) The secretary shall propose for promulgation all rules

required for the implementation of this section in accordance with

the provisions of article three, chapter twenty-nine-a of this

code. The rules are to include, but not be limited to, definitions

of the types of substantial unbudgeted contingent liabilities that

are reportable under the provisions of this section.





Note: WV Code updated with legislation passed through the 2015 Regular Session

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