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WEST VIRGINIA CODE
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WVC 8 - 37 - 2 §8-37-2. Findings and declarations.
The Legislature finds and declares that:

(1) Municipalities should maintain a prudent level of financial resources to try to protect against reducing service levels or raising taxes and fees because of temporary revenue shortfalls, unpredicted one-time expenditures or emergency situations; and

(2) The creation, maintenance and use of a financial stabilization fund will provide municipalities with assistance to meet these challenges, as well as enable them to improve their financial management and practices.

Note: WV Code updated with legislation passed through the 2014 1st Special Session
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