Senate Bill No. 17
(By Senator Bowman)
____________
[Introduced February 9, 2005; referred to the Committee on
Government Organization; and then to the Committee on Finance.]
____________
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §12-4-17, relating to
public moneys; and prohibiting payment of same to certain
entities.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §12-4-17, to read as
follows:
ARTICLE 4. ACCOUNTS, REPORTS AND GENERAL PROVISIONS.
§12-4-17. Payment of public moneys to certain entities
prohibited.
(a) Notwithstanding any provision of this code to the
contrary, neither the state or any of its political subdivisions
may pay any public moneys to a person or entity which has in the
twelve months preceding awarded management bonuses or pay raises to managerial personnel and either temporarily or permanently laid off
hourly employees.
(b) For purposes of this section:
(1) "Public moneys" includes tax rebates and tax credits; and
(2) "Management bonuses or pay raises" include stock options
and any other thing of value.
NOTE: The purpose of this bill is to prohibit the payment of
public moneys to persons or entities that have awarded management
bonuses or pay raises in the last 12 months while at the same time
laying off hourly employees.
This section is new; therefore, strike-throughs and
underscoring have been omitted.
Email
Webmaster | © 2024 West Virginia Legislature **
