H. B. 2823
(By Delegates Laird and Campbell)
(Originating in the House Committee on Finance)
[February 11, 1998]
A BILL to amend article two, chapter five-a of the code of West
Virginia, one thousand nine hundred thirty-one, as amended,
by adding thereto a new section, designated section
nineteen-a, relating to special reports by spending units;
requiring reports to be filed with the secretary of
administration within ninety days of the end of each fiscal
year; providing that reports detail pending activities that
result in substantial unbudgeted contingent liabilities,
which may have a substantial and material impact on future
spending obligations; requiring secretary to file copies of
reports with the legislative auditor; and authorizing the
secretary of administration to prescribe forms and propose
rules for implementing these requirements.
Be it enacted by the Legislature of West Virginia:
That article two, chapter five-a of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section
nineteen-a, to read as follows:
ARTICLE 2. FINANCE DIVISION.
§5A-2-19a. Special reports by spending units; notification of
pending matters having impact on future expenditure requirements.
(a) Within ninety days following the end of each fiscal
year, each spending unit within state government shall submit a
detailed report and accounting of all substantial unbudgeted
contingent liabilities that may have a substantial and material
impact on spending obligations in subsequent fiscal years. Each
report is to include, but not be limited to, pending legal
actions, unresolved audit findings and any other activities that
are reasonably predicted to have an impact on future expenditures
by the state.
(b) All reports are to be submitted to the secretary on
forms and in the manner prescribed by the secretary. Within
thirty days of receipt of each final report, the secretary shall
forward a copy to the legislative auditor.
(c) The secretary shall propose all rules required for the
implementation of this section in accordance with the provisions
of article three, chapter twenty-nine-a of this code. The rules
are to include, but not be limited to, definitions of the types
of substantial unbudgeted contingent liabilities that are
reportable under the provisions of this section.