HB 4225 Text

COMMITTEE SUBSTITUTE
FOR
H. B. 4225

(By Delegates Gallagher, Douglas, Compton,
Huntwork, Burk and Faircloth)
(Originating in the Committee on Finance.)
[February 7, 1994]

A BILL to amend and reenact section three, article seven, chapter sixty-four of the code of West Virginia, one thousand nine hundred thirty-one, as amended, relating to authorizing the board of investments to promulgate legislative rules relating to the administration of the consolidated fund and the consolidated pension fund.

Be it enacted by the Legislature of West Virginia:

That section three, article seven, chapter sixty-four of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended and reenacted to read as follows:

ARTICLE 7. AUTHORIZATION FOR DEPARTMENT OF TAX AND REVENUE TO PROMULGATE LEGISLATIVE RULES.

§ 64 - 7 - 3. Board of investments.

(a) The legislative rules filed in the state register on the third day of January, one thousand nine hundred eighty-four, relating to the state board of investments (selection of state depositories for disbursement accounts through competitive bidding), are authorized.

(b) The legislative rules filed in the state register on the third day of January, one thousand nine hundred eighty-four, relating to the state board of investments (administration of the consolidated fund), are authorized.
(c) The legislative rules filed in the state register on the ninth day of January, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the twenty-fourth day of January, one thousand nine hundred ninety, relating to the state board of investments (administration of the consolidated fund), are authorized.
(d) The legislative rules filed in the state register on the ninth day of January, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the twenty-fourth day of January, one thousand nine hundred ninety, relating to the state board of investments (administration of the consolidated pension fund), are authorized.
(e) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (establishment of imprest funds), are authorized.
(f) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (administration of the consolidated pension fund by the West Virginia state board of investments), are authorized.
(g) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (procedures for processing payments from the state treasury), are authorized.
(h) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (selection of state depositories for disbursement accounts through competitive bidding), are authorized.
(i) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (administration of the consolidated fund by the West Virginia state board of investments), are authorized.
(j) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (selection of state depositories for receipt accounts), are authorized with the amendment set forth below:
On page three, section four, by striking out the period after the word "agency" and adding the words "but shall select a depository in the same community or geographical area as the agency."
(k) The legislative rules filed in the state register on the thirtieth day of November, one thousand nine hundred ninety, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the seventeenth day of May, one thousand nine hundred ninety-one, relating to the state board of investments (procedures for deposit of moneys with the board of investments and treasurer's office by state agencies), are authorized.
(l) The legislative rules filed in the state register on the sixth day of November, one thousand nine hundred ninety-one, modified by the state board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the twenty-first day of August, one thousand nine hundred ninety-two, relating to the state board of investments (reporting of state debt to the West Virginia state board of investments), are authorized.
(m) The legislative rules filed in the state register on the sixteenth day of August, one thousand nine hundred ninety-three, relating to the board of investments (administration of the consolidated fund by the West Virginia state board of investments), are authorized.
(n) The legislative rules filed in the state register on the sixteenth day of August, one thousand nine hundred ninety-three, modified by the board of investments to meet the objections of the legislative rule-making review committee and refiled in the state register on the eighteenth day of January, one thousand nine hundred ninety-four, relating to the board of investments (administration of the consolidated pension fund), are authorized.

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