WVC 5 - 6 - 4 A
§5-6-4a. Review of real property contracts and agreements; master
plan for office space.
(a) The Secretary of Administration shall provide to the Joint
Committee on Government and Finance a copy of a contract or
agreement for real property exceeding $1 million and a report
setting forth a detailed summary of the terms of the contract or
agreement, including the name of the owner of the property and the
agent involved in the sale, at least thirty days prior to any sale,
exchange, transfer, purchase, lease purchase, lease or rental of
real property, any refundings of lease purchases, leases or rental
agreements, any construction of new buildings and any other
acquisition or lease of buildings, office space or grounds by any
state agency, but excepting the transactions of the Higher
Education Policy Commission, Council for Community and Technical
College Education, state institutions of higher education and the
Division of Highways for state road purposes pursuant to article
two-a, chapter seventeen of this code: Provided,
That a contract
or agreement for the lease purchase, lease or rental of real
property by any state agency, where the costs of real property
acquisition and improvements are to be financed, in whole or in
part, with bond proceeds, may contain a preliminary schedule of
rents and leases for purposes of review by the committee.
(b) For renewals of contracts or agreements required to be
reported by this section, the Secretary of Administration shall
provide a report setting forth a detailed summary of the terms of the contract or agreement, including the name of the owner of the
(c) Within thirty days after receipt of the contract,
agreement or report, the committee shall meet and review the
contract, agreement or report.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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