WVC 33 - 16 G- 9
§33-16G-9. Special revenue account created.
(a) There is hereby created a special revenue account in the
State Treasury, designated the "West Virginia Health Benefits
Exchange Fund", which shall be an interest-bearing account and may
be invested in the manner permitted by article six, chapter twelve
of this code, with the interest income a proper credit to the fund,
unless otherwise designated in law. The fund shall be administered
by the board and used to pay all proper costs incurred in
implementing the provisions of this article. Moneys deposited into
this account are available for expenditure as the board may direct
in accordance with the provisions of this article. Expenditures
shall be for the purposes set forth in this article, are authorized
from collections and do not revert to the General Fund.
(b) The following shall be paid into this account:
(1) All funds from the federal government received and
dedicated to or otherwise able to be used for the purposes of this
(2) All other payments, gifts, grants, bequests or income from
(3) Fees on health carriers established by the board; and
(4) Appropriations from the Legislature.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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