§5B-2-11. Public private partnerships


Published: 2015

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WEST VIRGINIA CODE











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WVC 5B-2-11

§5B-2-11. Public private partnerships.

(a) The commission is authorized to enter into contractual or

joint venture agreements with a nonprofit corporation organized

pursuant to the corporate laws of the state, organized to permit

qualification pursuant to Section 501(c) of the Internal Revenue

Code and organized for purposes of the promotion and development of

tourism in West Virginia, and funded from sources other than the

state. Members of the commission are authorized to sit on the

board of directors of the private nonprofit corporation.

(b) From time to time the commission may enter into joint

ventures wherein the West Virginia development office and the

nonprofit corporation share in the development and funding of

tourism promotion or development programs.

(c) All contracts and joint venture agreements must be

approved by recorded vote of the commission. Contracts entered

into pursuant to this section for longer than one fiscal year shall

contain, in substance, a provision that the contract shall be

considered canceled without further obligation on the part of the

state if the Legislature or, where appropriate, the federal

government shall fail to appropriate sufficient funds therefor or

shall act to impair the contract or cause it to be canceled.





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

The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.