§4-11A-8. Governing board

Published: 2015

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WVC 4 - 11 A- 8

§4-11A-8. Governing board.

(a) The powers of the authority are vested in and shall be

exercised by a board of five individuals, consisting of the

Secretary of the Department of Administration, who shall act as

chairperson, the Treasurer of the State of West Virginia, and three

individuals, each appointed by the Governor, who shall have skill

and experience in finance.

(b) Three members of the board constitute a quorum.

(c) The members shall elect a vice chairperson and secretary,

annually, and other officers as the members determine necessary.

(d) Meetings of the board shall be held at the call of the

chairperson or when a majority of the members request a meeting.

(e) The members of the board shall not receive compensation by

reason of their membership on the board.

(f) Of the initial appointments made by the Governor to the

authority, two shall be for a term of two years and two shall be

for a term of three years. Members appointed to the authority

subsequent to the initial appointments shall serve for terms of

four years. Any member whose term has expired shall serve until

his or her successor has been duly appointed and qualified. Any

person appointed to fill a vacancy shall serve only for the

unexpired term.

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.