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