West Virginia Statutes

§ 8-37-4 — Fund investment; usage

West Virginia § 8-37-4

JurisdictionWest Virginia

Ch. 8MUNICIPAL CORPORATIONS

Art. 37MUNICIPAL FINANCIAL STABILIZATION FUND ACT

This text of West Virginia § 8-37-4 (Fund investment; usage) 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 § 8-37-4 (2026).

Text

(a)The governing body may invest the money in the fund as it considers appropriate, with the earnings retained by the fund.

(b)The governing body may appropriate money in the financial stabilization fund upon a majority vote for the following purposes:

(1)To cover a general fund shortfall; or

(2)Any other purpose the municipality considers appropriate.

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Legislative History

2001 Reg. Sess., SB407

Nearby Sections

15

§ 8-1-1

Purpose and short title

§ 8-1-2

Definitions of terms

§ 8-1-3

Classification of municipal corporations

§ 8-1-4

How population determined

§ 8-1-5

Existing status of municipalities confirmed; powers, authority, duties and responsibilities conferred by law

§ 8-1-5a

Municipal Home Rule Program

§ 8-1-6

Application of provisions of this chapter; inconsistent or conflicting special legislative charter provisions; amendment of special legislative charters; inconsistent or conflicting ordinance provisions; status and tenure of officers and members not affected; transactions already entered into not affected

§ 8-1-7

Construction of powers and authority granted

§ 8-1-8

References to code provisions

§ 8-1-9

Reporting of fraud and misappropriations of funds

§ 8-10-1

Powers and duties of mayor

§ 8-10-1a

Authority to hire special counsel; consent to other representation

§ 8-10-1b

Authority to appoint police chief; reinstating to previous rank

§ 8-10-2

Municipal court for municipalities

§ 8-10-2a

Payment of fines by electronic payments, credit cards, cash, money orders, or certified checks

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Bluebook (online)

West Virginia § 8-37-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/8/8-37-4.