§5-1D-1. Findings and purposes


Published: 2015

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WEST VIRGINIA CODE











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WVC 5 - 1 D- 1

§5-1D-1. Findings and purposes.

The Legislature finds and declares that fiscal risk analysis

and management is essential to finding practical solutions to the

everyday problems of government and that the management goals and

purposes of government would be furthered by the development of a

consistent set of fiscal risk analysis and management principles.

Therefore, it is the purpose of this article to create, as an

integral part of the office of the governor, the office of fiscal

risk analysis and management, with the authority to advise and make

recommendations to all state spending units on fiscal risk analysis

and management functions and decisions with potential long term

fiscal impact of an amount of at least one million dollars:

Provided, That the authority shall advise and make recommendations

to the public employees insurance agency, the consolidated public

retirement board, workers' compensation and the board of risk and

insurance management on fiscal risk analysis and management

functions and decisions with potential long term fiscal impact of

any increases of program costs in excess of five percent.





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

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