WEST VIRGINIA CODE
§5-16B-7. West Virginia children's health fund.
(a) There is hereby created in the state treasury a special
revolving fund to be known as the "West Virginia children's health
fund", which shall be an interest-bearing account. All moneys
deposited or accrued in this fund shall be used exclusively:
(1) To provide the state's share of the children's health
(2) To cover administrative costs associated with the
children's health program; and
(3) To cover outreach activities.
(b) Moneys from the following sources may be placed into the
(1) All public funds appropriated by the Legislature or
transferred by any public agency as contemplated or permitted by
applicable federal program laws;
(2) All private moneys contributed by corporations,
individuals or other entities to the fund as contemplated and
permitted by applicable federal and state laws;
(3) Any accrued interest; and
(4) Federal financial participation matching the amounts
referred to in subdivisions (1), (2) and (3) of this subsection, in
accordance with Section 1902 (a) (2) of the Social Security Act.
(c) Any balance remaining in the children's health fund at the
end of any state fiscal year shall not revert to the state treasury
but shall remain in this fund and shall be used only in a manner consistent with this article.
(d) Notwithstanding the provisions of section two, article
two, chapter twelve of this code, funds of the West Virginia
children's health fund may not be redesignated for any purpose
other than those set forth in this subsection. All state and
private moneys received by the program shall be deposited in the
West Virginia consolidated investment pool with the West Virginia
investment management board, with the interest income a proper
credit to all such funds.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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