West Virginia § 8-37-2 Findings and declarations

West Virginia Statutes

§ 8-37-2 — Findings and declarations

West Virginia·Ch. 8 MUNICIPAL CORPORATIONS·Art. 37 MUNICIPAL FINANCIAL STABILIZATION FUND ACT

The Legislature finds and declares that:

(1)Municipalities should maintain a prudent level of financial resources to try to protect against reducing service levels or raising taxes and fees because of temporary revenue shortfalls, unpredicted one-time expenditures or emergency situations; and

(2)The creation, maintenance and use of a financial stabilization fund will provide municipalities with assistance to meet these challenges, as well as enable them to improve their financial management and practices.

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The Legislature finds and declares that:

(1) Municipalities should maintain a prudent level of financial resources to try to protect against reducing service levels or raising taxes and fees because of temporary revenue shortfalls, unpredicted one-time expenditures or emergency situations; and

(2) The creation, maintenance and use of a financial stabilization fund will provide municipalities with assistance to meet these challenges, as well as enable them to improve their financial management and practices.

West Virginia § 8-37-2 (Findings and declarations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.