West Virginia § 29-31-9 Capitalization of the West Virginia Disaster Recovery Trust Fund

West Virginia Statutes

§ 29-31-9 — Capitalization of the West Virginia Disaster Recovery Trust Fund

West Virginia·Ch. 29 MISCELLANEOUS BOARDS AND OFFICERS·Art. 31 STATE RESILIENCY AND FLOOD PROTECTION PLAN ACT

(a)The West Virginia Disaster Recovery Trust Fund may be granted an initial one-time allocation of $10 million in state general funds for the purposes outlined in this article.

(b)The State Resiliency Officer shall, with the concurrence of the State Auditor, present an expenditure report to the State Resiliency Office Board by no later than December 1 annually.

(c)Upon review and verification by the State Resiliency Office Board that all expenditures within the West Virginia Disaster Recovery Trust Fund expenditure report are valid and justified uses of Recovery Fund resources, the State Resiliency Office Board shall submit to the Governor by no later than December 31 annually a budget and may request to replenish the Recovery Fund up to its initial $10 million capitalization.

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(a) The West Virginia Disaster Recovery Trust Fund may be granted an initial one-time allocation of $10 million in state general funds for the purposes outlined in this article.

(b) The State Resiliency Officer shall, with the concurrence of the State Auditor, present an expenditure report to the State Resiliency Office Board by no later than December 1 annually.

(c) Upon review and verification by the State Resiliency Office Board that all expenditures within the West Virginia Disaster Recovery Trust Fund expenditure report are valid and justified uses of Recovery Fund resources, the State Resiliency Office Board shall submit to the Governor by no later than December 31 annually a budget and may request to replenish the Recovery Fund up to its initial $10 million capitalization.

West Virginia § 29-31-9 (Capitalization of the West Virginia Disaster Recovery Trust Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.