West Virginia § 12-3-10d Purchasing Card Fund continued; expenditures

West Virginia Statutes

§ 12-3-10d — Purchasing Card Fund continued; expenditures

West Virginia § 12-3-10d

Ch. 12PUBLIC MONEYS AND SECURITIES

Art. 3APPROPRIATIONS, EXPENDITURES AND DEDUCTIONS

This text of West Virginia § 12-3-10d (Purchasing Card Fund continued; expenditures) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 12-3-10d (2026).

Text

(a)All money received by the state pursuant to any agreement with vendors providing purchasing charge cards, and any interest or other return earned on the money, shall be deposited in a special revenue revolving fund, designated the Purchasing Card Administration Fund, in the State Treasury to be administered by the Auditor. The fund shall be used to pay all expenses incurred by the Auditor in the implementation and operation of the Purchasing Card Program and may be used to pay expenses related to the general operation of the Auditor’s office. The Auditor also may use the fund to pay expenses incurred by spending units associated with the use of the card, including system and program enhancements, and inspection and monitoring of compliance with all applicable rules and procedures. Expe

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(a) All money received by the state pursuant to any agreement with vendors providing purchasing charge cards, and any interest or other return earned on the money, shall be deposited in a special revenue revolving fund, designated the Purchasing Card Administration Fund, in the State Treasury to be administered by the Auditor. The fund shall be used to pay all expenses incurred by the Auditor in the implementation and operation of the Purchasing Card Program and may be used to pay expenses related to the general operation of the Auditor’s office. The Auditor also may use the fund to pay expenses incurred by spending units associated with the use of the card, including system and program enhancements, and inspection and monitoring of compliance with all applicable rules and procedures. Expenditures from the fund shall be made in accordance with appropriations by the Legislature pursuant to the provisions of §12-3-1et seq.of this code and upon fulfillment of the provisions of §5A-2-1et seq.of this code.

(b) Within three days of receiving rebate moneys resulting from state spending unit purchasing card purchases, the Auditor shall transfer 10 percent of such rebate moneys to the Purchasing Improvement Fund created pursuant to §5A-3-58 of this code.

(c) Within three days of receiving rebate moneys resulting from state spending unit purchasing card purchases, the Auditor shall transfer five and one half percent of such rebate moneys to the Entrepreneurship and Innovation Investment Fund, 10 percent of such rebate moneys to the Hatfield-McCoy Regional Recreation Authority and 10 percent of such moneys to the State Park Operating Fund.

Legislative History

2020 Reg. Sess., HB4665; 2019 Reg. Sess., HB2855; 2014 Reg. Sess., SB356; 2007 Reg. Sess., SB203; 2006 Reg. Sess., SB428; 2004 Reg. Sess., SB709; 2002 Reg. Sess., SB413; 1998 Reg. Sess., HB4548; 1997 Reg. Sess., SB563