West Virginia § 6-9D-4 Initiating fiscal watch review

West Virginia Statutes

§ 6-9D-4 — Initiating fiscal watch review

West Virginia § 6-9D-4

Ch. 6GENERAL PROVISIONS RESPECTING OFFICERS

Art. 9DLOCAL FISCAL EMERGENCIES

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Bluebook

W. Va. Code § 6-9D-4 (2026).

Text

(a)A local government may undergo a fiscal watch review by the State Auditor to determine whether it is approaching a state of fiscal emergency. A fiscal watch review shall be initiated by a written request to the State Auditor or a designee from the governing body when duly authorized by a majority of the members of such body; or may be initiated by the State Auditor or a designee if conditions for a fiscal watch have been determined to exist. Fiscal watch conditions include but are not limited to:

(1)The inability of a local government to meet financial obligations;

(2)the lack of adequate financial records necessary to conduct an examination pursuant to §6-9-1et seq. of this code; or (3) an examination pursuant to §6-9-1et seq. of this code would cause an undue financial burden to th

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(a) A local government may undergo a fiscal watch review by the State Auditor to determine whether it is approaching a state of fiscal emergency. A fiscal watch review shall be initiated by a written request to the State Auditor or a designee from the governing body when duly authorized by a majority of the members of such body; or may be initiated by the State Auditor or a designee if conditions for a fiscal watch have been determined to exist. Fiscal watch conditions include but are not limited to: (1) The inability of a local government to meet financial obligations; (2) the lack of adequate financial records necessary to conduct an examination pursuant to §6-9-1et seq. of this code; or (3) an examination pursuant to §6-9-1et seq. of this code would cause an undue financial burden to the local government.

(b) The State Auditor or a designee will notify the local government when a fiscal watch review will or will not be conducted. The State Auditor’s Office will perform the fiscal watch review, which may be substituted for an examination, as required by §6-9-1et seq. of this code at the discretion of the State Auditor or a designee.

(c) All working papers acquired or created to produce the fiscal watch review shall be considered confidential pursuant to §6-9-9b of this code.