Bill Text: WV SB651 | 2021 | Regular Session | Engrossed
Bill Title: Allowing county boards of education to publish financial statements on website
Spectrum: Partisan Bill (Republican 3-0)
Status: (Passed) 2021-05-24 - Chapter 97, Acts, Regular Session, 2021 [SB651 Detail]
Download: West_Virginia-2021-SB651-Engrossed.html
WEST virginia legislature
2021 regular session
Engrossed
Senate Bill 651
By Senators Rucker, Roberts, and Karnes
[Introduced March 17, 2021;
referred
to the Committee on Education]
A BILL to amend and reenact §18-9-3a of the Code of West Virginia, 1931, as amended, relating to giving county boards of education the option of publishing their financial statements on their websites rather than publishing as a Class I-0 legal advertisement.
Be it enacted by the Legislature of West Virginia:
ARTICLE 9. SCHOOL FINANCES.
§18-9-3a. Preparation, publication, and disposition of financial statements by county boards of education.
(a) The county
board of every county, within 90 days after the beginning of each fiscal year,
shall prepare on a form to be prescribed by the State Tax Commissioner and the
state superintendent of free schools, and cause to be published, a statement revealing
providing the following information:
(a) (1) The
receipts and expenditures of the board during the previous fiscal year arranged
under descriptive headings;
(b) the (2) The
name of each firm, corporation, and person who received more than $250 in the
aggregate from all funds during the previous fiscal year, together with the
aggregate amount received from all funds and the purpose for which paid: Provided,
That such statement shall not include the name of any person who has entered
into a contract with this board pursuant to the provisions of sections two,
three, four and five, article two, chapter eighteen-a of this code; and
(c) all (3) All
debts of the board, the purpose for which each debt was contracted, its due
date, and to what date the interest thereon has been paid.
Such (b) The
financial statement shall be published as a either:
(1) As a Class
I-0 legal advertisement in compliance with the provisions of §59-3-1 et seq.
of this code, and the publication area for such publication shall be the
county. The county board shall pay the cost of publishing such statement
from the maintenance fund of the board.; or
(c) The financial statement, if published as a Class I-0 legal advertisement, shall not include the name of any person who has entered into a contract with the county board pursuant to the provisions of §18A-2-2, §18A-2-3, §18A-2-4, and §18A-2-5 of this code.
(d) The financial statement, if published on the county board’s website, shall remain posted on the county board’s website at least until publication of the next annual statement, and shall include:
(1) The name of every person who has entered into a contract with the county board pursuant to the provisions of §18A-2-2, §18A-2-3, §18A-2-4, and §18A-2-5 of this code, and amounts paid to each;
(2) Budget estimates; and
(3) A list of the names of each firm, corporation, and person who received less than $250 from any fund during such fiscal year showing the amount paid to each and the purpose for which paid.
(e) The county board shall pay the cost of publishing the financial statement, if published as a Class I-0 legal advertisement, from the maintenance fund of the board.
(f) As soon as is practicable following the close of the fiscal year, a copy of the published statement herein required shall be filed by the county board with the State Tax Commissioner and with the state superintendent of free schools.
(g) The county
board shall transmit to any resident of the county requesting the same a copy
of the published statement for the fiscal year designated, supplemented by a
list of the names of all school personnel employed by the board during such
fiscal year showing the amount paid to each, and a list of the names of each
firm, corporation, and person who received less than $500 $250 from
any fund during such fiscal year showing the amount paid to each and the
purpose for which paid.
(h) The changes made by the amendments to this section enacted during the regular session of the Legislature, 2021, shall be effective for financial statements for the fiscal year commencing on July 1, 2023.
