Senate Bill No. 85
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[Originating in the Committee on Government Organization;
reported February 20, 1997.]
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A BILL to amend and reenact section eighteen, article six, chapter
twelve of the code of West Virginia, one thousand nine hundred
thirty-one, as amended, relating to continuing the West
Virginia board of investments until the first day of July, one
thousand nine hundred ninety-eight.
Be it enacted by the Legislature of West Virginia:
That section eighteen, article six, chapter twelve of the code
of West Virginia, one thousand nine hundred thirty-one, as amended,
be amended and reenacted to read as follows:
ARTICLE 6. WEST VIRGINIA BOARD OF INVESTMENTS.
§12-6-18. West Virginia board of investments continued.
After having conducted a performance review through its joint
committee on government operations, pursuant to article ten,
chapter four of this code, the Legislature hereby finds and
declares that the West Virginia board of investments should be
continued and reestablished. Accordingly, notwithstanding Pursuant
to the provisions of article ten, chapter four of this code, the
West Virginia board of investments shall continue to exist until the first day of July, one thousand nine hundred ninety-seven, to
allow for monitoring of compliance with recommendations contained
in the preliminary performance review and to allow for further
review by the joint committee on government operations
ninety-eight.
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(NOTE: The purpose of this bill is to continue the West
Virginia Board of Investments until July 1, 1998, pursuant to the
provisions of the West Virginia Sunset Law.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
This bill is recommended by the Joint Committee on Government
Operations for passage during the 1997 Regular Session of the
Legislature.)