H. B. 2557
(By Delegates Laird, Pino
and Campbell)
[Introduced January 14, 1998; referred to the
Committee on Political Subdivisions then Finance.]
A BILL to amend article six, chapter fifty-one of the code of
West Virginia, one thousand nine hundred thirty-one, as
amended, by adding thereto a new section, designated section
fifteen, relating to general receivers and application of
unclaimed funds for use by the counties.
Be it enacted by the Legislature of West Virginia:
That article six, chapter fifty-one of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section
fifteen, to read as follows:
ARTICLE 6. GENERAL RECEIVERS.
§51-6-15. Application of unclaimed funds for use by counties.
Any un
claimed funds not previously applied to any loss of or
shrinkage in the investments of any general receiver as ordered by any circuit court under the provisions of section thirteen,
article six, chapter fifty-one of this code, shall, by order of
the court, be remitted to the county general fund in the
jurisdiction wherein the moneys have been previously paid,
collected and held. These unclaimed funds shall be so remitted
to the county general fund upon a finding and entry of an order
by the court that in all probability the funds so ordered to be
remitted will never be claimed by anyone entitled thereto. The
use of any unclaimed funds shall be appropriated by any county
commission only for capital improvement and computer projects
within the counties.
NOTE: The purpose of this bill is to permit unclaimed
moneys held by the general receiver to be kept within each
respective county's general fund for use for capital
improvements.
This section is new; therefore, strike-throughs and
underscoring have been omitted.
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