§5A-3-16. Special fund; purposes; how composed


Published: 2015

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WEST VIRGINIA CODE











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WVC 5A-3-16

§5A-3-16. Special fund; purposes; how composed.

There is hereby created a special revenue fund to be

administered by the director to facilitate the following functions

of the director:

(1) Purchase commodities in volume and maintain stocks to

supply the needs of state spending units; and

(2) Performance of mimeographing, photostating, microfilming,

multilithing, multigraphing and other work needed by spending units

as provided by section twenty-seven of this article.

The amount of the fund may be fixed and changed by the

governor upon the recommendation of the secretary. If at the end

of each fiscal year the cash balance plus value of commodity

inventories on hand exceeds the amount so fixed, the excess in cash

shall be transferred by the governor upon recommendation of the

secretary to the general revenue fund and become a part of the

general revenue of the state. The fund shall be composed of the

following:

(1) The cash balance and inventories of the fund heretofore

established by this section; and

(2) Charges made by the director for commodities sold and

services rendered to the state spending units as herein described:

Provided, That charges shall not exceed total cost to the fund,

which total cost shall include storage, supplies, equipment and

salaries and wages of employees necessary to supply commodities and

services in addition to purchase price of commodities.





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

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