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12-1-2 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Bonds to be Given by Depositories |
Before allowing any money to be deposited with any depository, the board of public works shall require such depository to give bond with good security to be app… |
Unreviewed
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12-1-3 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Amount of Deposits Limited by Amount is of Bond |
The amount of deposits in any bank shall at no time exceed the full amount of the bond given by such bank, if a surety bond; or three-fourths the amount of all … |
Proofed
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12-1-4 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Amount of Deposits Limited by Capital and Surplus |
It shall be unlawful for any depository to accept and retain state deposits for an aggregate amount in excess of its paid up capital stock and surplus. |
Proofed
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12-1-5 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Interest on Deposits |
The board of public works shall contract with such banks for the payment of interest on all state deposits, at a rate of not less than two and one-half per cent… |
Proofed
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12-1-6 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Board of Finance; Powers |
The board of finance, composed of the governor, auditor and treasurer, of which the governor shall be chairman and the auditor shall be secretary, shall continu… |
Proofed
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12-1-7 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Amount to be Deposited in Each County |
It shall be the duty of the treasurer to keep at all times in the depositories of each county an equitable share of the total amount of the inactive money in th… |
Proofed
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12-1-8 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Treasurer Not to Deposit Funds in Bank in Which He Is Interested; Penalty |
It shall be unlawful for the treasurer during his term of office to deposit state funds in any state depository bank in which he is financially interested. Any … |
Proofed
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12-1-9 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Transfer of Funds From Inactive to Active Depositories; When Checks May Be Drawn on Inactive Funds |
The treasurer shall transfer funds from the inactive to the active depositories whenever actually needed to pay the warrants drawn by the auditor upon the treas… |
Proofed
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12-1-10 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Treasurer to Keep Accounts With Depositories |
The treasurer shall keep in his office a record showing the account of each depository, both active and inactive, under which entry shall be made showing the am… |
Proofed
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12-1-11 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Reports by Depositories to Board of Public Works; Discontinuance of Depositories |
Each depository of state funds shall once in every three months, namely: The last day of June, September, December and March, respectively, by its president or … |
Proofed
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12-1-12 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Settlements With Depositories |
The treasurer shall cause his account with each depository to be settled at the end of every quarter of the year and the balance in such depository to the credi… |
Proofed
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12-1-13 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
State Depositories |
Depository Not to Charge for Payment of Checks |
It shall be unlawful for any depository to charge or collect any exchange, discount or commission for the payment of any check or draft drawn upon the state fun… |
Proofed
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12-2-1 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
How and to Whom Amounts Due the State Payable |
All persons, firms or corporations shall promptly pay all amounts due from them to the State by check, draft, post-office money order or express money order pay… |
Proofed
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12-2-2 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
Method of Payment by State Officials and Employees; Credit to State Fund; Exceptions; Taxes Due From Public Utilities; Moneys Due From County Officials to State |
All officials or employees of the State shall promptly deposit with the state treasurer all moneys received or collected by them for or on behalf of the State f… |
Proofed
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12-2-3 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
Deposit of Moneys by Treasurer; Lists to be Transmitted From Treasurer to Auditor |
Promptly upon the receipt of the aforementioned lists and moneys, it shall be the duty of the treasurer to check all items on such lists, and, if found correct,… |
Proofed
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12-2-4 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
Duties of Depository, Auditor and Treasurer When Money Has Been Deposited; Payment Must Conform to Law to be an Acquittance |
Immediately upon receipt of such list and deposit, it shall be the duty of the depository to credit the state treasurer with the amount, to date and sign the ce… |
Proofed
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12-2-5 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
Deposits in Correspondent Banks of State Depositories |
When any payment of money has been made to the State for road bonds or other purposes outside of the State, the treasurer shall have authority to place the same… |
Proofed
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12-2-6 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Payment and Deposit of Money Due the State |
Offenses; Penalties |
Any person violating any of the provisions of this article shall be guilty of a misdemeanor, and, upon conviction thereof, shall be fined not exceeding one thou… |
Proofed
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12-3-1 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Manner of Payment From Treasury |
Every person claiming to receive money from the treasury of the State shall apply to the auditor for a warrant for the same. The auditor shall thereupon examine… |
Proofed
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12-3-2 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Auditor May Administer Oaths; Seal |
The auditor may administer oaths in relation to any claim presented to him in his official character. He may have and use an official seal, which may be affixed… |
Proofed
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12-3-3 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
When Claim Barred; Allowance by Legislature |
No claim shall be allowed by the auditor after five years from the time when it might by law have been presented for payment. No petition shall be received in e… |
Proofed
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12-3-4 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
No Check to be Drawn on Depositor Having Insufficient Funds; Necessity of Warrant and Check |
The treasurer shall draw no check on any depository unless there be money enough therein to the credit of the treasury to pay such check. No depository holding … |
Proofed
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12-3-5 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
When Requisition to Auditor Sufficient Authority for Issuing Warrant |
When appropriation has been made by law, subject to the order or payable on the requisition of a particular officer, board, or person, the order or requisition … |
Proofed
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12-3-6 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Requisitions on Behalf of State Board and Institutions |
Appropriations made to or for any state board or institution shall be drawn from the treasury upon the requisition of the proper officers thereof made upon the … |
Proofed
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12-3-7 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Payment of Compensation and Expenses of Members of State Boards and Commissions |
The members of all state boards and commissions, unless a different rate of compensation is provided by law, shall be allowed four dollars per day for each day … |
Proofed
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12-3-8 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Requisition on Behalf of Institutions to be Accompanied by Statement Showing Funds on Hand |
No requisition shall be made upon the auditor for any money appropriated for the penitentiary, the university or preparatory branches thereof, the West Virginia… |
Proofed
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12-3-9 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Certificate With Requisition as to Need of Money for Present Use |
Every board or officer authorized by law to issue requisitions upon the auditor for payment of money out of the state treasury, shall, before any such money is … |
Proofed
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12-3-10 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Itemized Statement of Claim Against State |
It shall be unlawful for any state officer to issue his requisition on the state auditor in payment of any claim unless an itemized account is filed in the offi… |
Proofed
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12-3-11 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Traveling Expenses; Audit by State Board; Dues to Voluntary Organizations |
The board known as the state auditing board of traveling expenses shall continue as heretofore by law created. The governor, attorney general and the secretary … |
Proofed
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12-3-12 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Expiration of Unexpended Appropriations |
Every appropriation which is payable out of the general revenue, or so much thereof as may remain undrawn at the end of the year for which made, shall be deemed… |
Proofed
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12-3-13 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Salaries Not to be Paid Until Service Rendered |
No money shall be drawn from the treasury to pay the salary of any officer or employee before his services have been rendered. |
Proofed
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12-3-14 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Expenditures for Institutions to Confined to Appropriations for Fiscal Year; Exceptions |
It shall be unlawful for the super intendent, manager, any officer, or any person or persons, board or body, acting or assuming to act for and on behalf of any … |
Proofed
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12-3-15 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Expenditures for Institutions in Excess of Appropriations; Use in Part Payment of Appropriation for Whole Payment |
It shall be unlawful for any such officer, board, body or person to expend for the erection, improvement or repair of any building or structure, or for the purc… |
Proofed
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12-3-16 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Personal Liability and Penalty for Violation of Two Preceding Sections |
Any such officer or person who, in violation of any of the provisions of the two preceding sections, shall expend any sum or amount of money, or incur any debt … |
Proofed
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12-3-17 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Liabilities Incurred by State Boards, Commissions, Officers or Employees Which Cannot be Paid Out of Current Appropriations |
It shall be unlawful for any state board, commission, officer or employee to incur any liability during any fiscal year which cannot be paid out of the then cur… |
Proofed
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12-3-18 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
Itemized Statement of Claims Against Counties, School Districts or Municipalities |
It shall be unlawful for any county court, board of education or the council of a municipal corporation, or other body charged with the administration of the fi… |
Proofed
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12-3-19 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Appropriations and Expenditures |
General Order by County Court, Board of Education or Municipal Council |
It shall be unlawful for any county court, board of education or the council of a municipal corporation, or other body charged with the administration of the fi… |
Proofed
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12-4-1 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Biennial Reports |
All reports, settlements, accounts and statements which are now, or that hereafter may be required by law, shall be kept and made to conform to the fiscal year.… |
Proofed
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12-4-2 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Accounts of Treasurer and Auditor |
The treasurer shall keep in his office separate accounts with each depository, and also a general account of receipts and disbursements for the State, and when … |
Proofed
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12-4-3 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Accounts of Appropriations |
The auditor and treasurer shall each keep in books to be used for that purpose exclusively an account of every appropriation made by law, and of the several sum… |
Proofed
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12-4-4 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Accounts of Expenditures |
When the treasurer issues his check on a depository, he shall credit the same to the account of such depository, and charge it to the general account of receipt… |
Proofed
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12-4-5 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Individual Accounts; Auditor to Notify Sureties When Sheriff Defaults |
There shall be kept in the auditor’s office all necessary and proper accounts of persons having pecuniary transactions with the State, and especially the audito… |
Proofed
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12-4-6 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Comparison of Books of Auditor and Treasurer; Quarterly Balances |
At the end of every quarter of the year, the general account of the treasurer kept on the books of the auditor’s office shall be compared with the general; acco… |
Proofed
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12-4-7 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Annual Report of Auditor |
The annual report of the auditor shall be furnished to the governor within one week after the end of the fiscal year. It shall contain a statement of the receip… |
Proofed
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12-4-8 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Office Hours of Auditor and Treasurer |
The hours for transacting business in the offices of the auditor and treasurer shall be from nine o’clock in the morning until five o’clock in the afternoon. |
Proofed
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12-4-9 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
Absence of Auditor or Treasurer |
When it is necessary for either of the said officers to be absent, the other shall be informed thereof. During such absence, the duties of the officer so absent… |
Proofed
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12-4-10 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Accounts, Reports and General Provisions |
State Not Preferred as to Unsecured Claim |
The State shall not, by virtue of prerogative or any other right, have any priority or preference of any claim or demand in its favor which is not made a lien a… |
Proofed
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12-5-1 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Public Securities |
Securities Defined |
The term “securities” when used in this article shall include all bonds, securities, debentures, notes or other evidences of indebtedness. |
Proofed
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12-5-2 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Public Securities |
Treasurer Custodian of Securities |
The treasurer of this State, unless otherwise expressly provided by law, shall be custodian of all securities belonging to the State of West Virginia or by law … |
Proofed
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12-5-3 |
Ch. 12 — PUBLIC MONEYS AND SECURITIES |
Public Securities |
Chief Inspector to Examine and List Securities |
The chief inspector of public offices shall once a year, or oftener if requested by the governor, examine and list all of such securities in the custody of the … |
Proofed
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