West Virginia § 18B-1F-7 Audits required; financial reports; conflicts of interest

West Virginia Statutes

§ 18B-1F-7 — Audits required; financial reports; conflicts of interest

West Virginia § 18B-1F-7

Ch. 18BHIGHER EDUCATION

Art. 1FMANAGEMENT AGREEMENTS FOR THE HIGHER EDUCATION POLICY COMMISSION

This text of West Virginia § 18B-1F-7 (Audits required; financial reports; conflicts of interest) 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 § 18B-1F-7 (2026).

Text

(a)The financial statements of the corporation shall be audited annually by an independent certified public accountant or firm. Within thirty days of completion, the financial audit report shall be presented to the corporation's board of directors for approval, after which a copy of the financial audit and required statements shall be submitted to the commission.

(b)Notwithstanding any other provision of this code to the contrary, any officer or employee of the commission, who is not the executive director of the corporation, may hold an appointment as a member and as an officer of the corporation board of directors.

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(a) The financial statements of the corporation shall be audited annually by an independent certified public accountant or firm. Within thirty days of completion, the financial audit report shall be presented to the corporation's board of directors for approval, after which a copy of the financial audit and required statements shall be submitted to the commission.

(b) Notwithstanding any other provision of this code to the contrary, any officer or employee of the commission, who is not the executive director of the corporation, may hold an appointment as a member and as an officer of the corporation board of directors.