WVC 18 - 7 A- 19
§18-7A-19. Custody of funds; disbursements; bond of custodian;
The state treasurer shall be the custodian of the funds and
securities of the retirement system. Disbursements from the
funds of the retirement system shall be made by the custodian
only upon warrants signed by a member or members of the
retirement board, or an official thereof, authorized to do so by
resolution of the retirement board. The state treasurer shall
give a separate and additional bond in such amount as may be
fixed by the governor for the faithful performance of the duties
as custodian of the retirement system. Such bond shall be
approved by the governor and filed in the same office as are the
bonds of other state officers. The cost of such bond shall be
paid from the expense fund.
The custodian shall furnish annually to the retirement board
a sworn statement of the amount of the funds in his custody
belonging to the retirement system.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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