West Virginia Code
1 - COUNTY COMMISSIONS GENERALLY
2 - COUNTY AND DISTRICT BOUNDARIES;
3 - COUNTY PROPERTY
4 - PROSECUTING ATTORNEY, REWARDS A
5 - FISCAL AFFAIRS
5A - LOANS FROM GOVERNMENTAL AGENCI
6 - COUNTY DEPOSITORIES
7 - COMPENSATION OF ELECTED COUNTY
8 - JAIL AND JAILER
9 - COUNTY AND CITY WORKHOUSES
10 - HUMANE OFFICERS
11 - COUNTY PARKS AND RECREATION C
11A - MUSEUM COMMISSIONS
11B - WEST VIRGINIA TAX INCREMENT
12 - COUNTY AND MUNICIPAL DEVELOPM
12A - MAINTENANCE ASSOCIATIONS
13 - ECONOMIC OPPORTUNITY PROGRAMS
14 - CIVIL SERVICE FOR DEPUTY SHER
14A - DEPUTY SHERIFFS' TORT LIABIL
14B - CIVIL SERVICE FOR CORRECTION
14C - DEPUTY SHERIFFS; PROCEDURE F
14D - DEPUTY SHERIFF RETIREMENT SY
14E - ESTABLISHMENT OF CERTAIN FEE
15 - EMERGENCY AMBULANCE SERVICE A
16 - COUNTY SOLID WASTE AUTHORITIE
17 - COUNTY FIRE BOARDS
18 - HOTEL OCCUPANCY TAX
19 - COUNTY LINKED DEPOSIT PROGRAM
20 - FEES AND EXPENDITURES FOR COU
22 - COUNTY ECONOMIC OPPORTUNITY D
23 - LOCAL GOVERNMENT FLEXIBILITY
24 - APPALACHIAN REGION INTERSTATE
25 - RESORT AREA DISTRICTS
26 - WEST VIRGINIA SHERIFFS' BUREA
27 - LETTING OUR COUNTIES ACT LOCA
CHAPTER 7. COUNTY COMMISSIONS AND OFFICERS.
ARTICLE 21. COUNTY FINANCIAL STABILIZATION FUND ACT.
This article may be known and cited as the "County Financial Stabilization Fund Act."
The Legislature finds and declares that:
(1) County government 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 counties with assistance to meet these challenges, as well as enable them to improve their financial management and practices.
(a) A county commission may create a "financial stabilization fund" by a majority vote of the members. The fund may receive appropriations, gifts, grants and any other funds made available.
(b) The county commission may appropriate a sum to the fund from any surplus in the General Fund at the end of each fiscal year or from any other money available.
(c) The amount of money in the fund may not exceed thirty percent of the county's most recent general fund budget, as originally adopted. When the fund exceeds the thirty percent, the county commission shall transfer the excess to any fund it considers appropriate.
(a) The county commission may invest the money in the fund as it considers appropriate, with the earnings retained by the fund.
(b) The county commission may appropriate money in the financial stabilization fund upon a majority vote for any of the following purposes:
(1) To cover a general fund shortfall; or
(2) Any other purpose the commission considers appropriate.