H. B. 4080
(By Delegates Thompson, White, H., Cann,
Harrison, Capito, L. White and Angotti)
[Passed March 10, 2000; in effect ninety days from passage.]
AN ACT to amend article four, chapter twelve 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 authorizing the state treasurer to conduct a
program in the public schools on banking.
Be it enacted by the Legislature of West Virginia:
That article four, chapter twelve 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 4. ACCOUNTS, REPORTS AND GENERAL PROVISIONS.
§12-4-15. Bank at school.
(a) The state treasurer may conduct a program in West Virginia
public schools to educate students about banking activities and to
encourage savings. Banking institutions under the jurisdiction of the West Virginia commissioner of banking may participate in the
program by assisting the treasurer in developing and producing
materials for use in the schools, opening savings accounts for
students at the schools and receiving and accepting deposits at the
(b) The state treasurer may not implement the banking program
in any school in a county unless he or she obtains permission from
the county board of education and the principal of the school; and
(c) Nothing in this section shall be construed to require any
professional or service employee to perform additional duties as a
result of the establishment of the banking program.