§5-16B-7. West Virginia children's health fund


Published: 2015

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WEST VIRGINIA CODE











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WVC 5-16B-7

§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

fund;

(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

fund:

(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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