West Virginia § 12-6-9 Fees for service

West Virginia Statutes

§ 12-6-9 — Fees for service

West Virginia·Ch. 12 PUBLIC MONEYS AND SECURITIES·Art. 6 WEST VIRGINIA INVESTMENT MANAGEMENT BOARD

The board may charge fees, which may be subtracted from the total return, for the reasonable and necessary expenses incurred by the investment management board in rendering services. All fees which are dedicated or identified or readily identifiable to an entity, plan or fund shall be charged to that entity, plan or fund and all other fees shall be charged as a percentage of assets under management. At its annual meeting, the board shall adopt a fee schedule and a budget reflecting fee structures.

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The board may charge fees, which may be subtracted from the total return, for the reasonable and necessary expenses incurred by the investment management board in rendering services. All fees which are dedicated or identified or readily identifiable to an entity, plan or fund shall be charged to that entity, plan or fund and all other fees shall be charged as a percentage of assets under management. At its annual meeting, the board shall adopt a fee schedule and a budget reflecting fee structures.

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Legislative History

2001 Reg. Sess., SB451; 1997 Reg. Sess., SB563; 1996 Reg. Sess., HB4132; 1990 Reg. Sess., SB109; 1990 Reg. Sess., HB311; 1983 Reg. Sess., HB2023; 1979 Reg. Sess., SB559; 1978 Reg. Sess., HB1321; 1973 Reg. Sess., SB324; 1971 Reg. Sess., SB286; 1970 Reg. Sess., HB535; 1967 Reg. Sess., SB300