West Virginia Code

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	Chapter 7 Entire Code

‹ Chapter 06C \| Chapter 07A ›	Printer Friendly Versions Chapter 7 \| Article 7 - 21 \| Section 4

1 - COUNTY COMMISSIONS GENERALLY

2 - COUNTY AND DISTRICT BOUNDARIES;

3 - COUNTY PROPERTY

4 - PROSECUTING ATTORNEY, REWARDS A

5 - FISCAL AFFAIRS

5A - LOANS FROM GOVERNMENTAL AGENCI

6 - COUNTY DEPOSITORIES

7 - COMPENSATION OF ELECTED COUNTY

8 - JAIL AND JAILER

9 - COUNTY AND CITY WORKHOUSES

10 - HUMANE OFFICERS

11 - COUNTY PARKS AND RECREATION C

11A - MUSEUM COMMISSIONS

11B - WEST VIRGINIA TAX INCREMENT

12 - COUNTY AND MUNICIPAL DEVELOPM

12A - MAINTENANCE ASSOCIATIONS

13 - ECONOMIC OPPORTUNITY PROGRAMS

14 - CIVIL SERVICE FOR DEPUTY SHER

14A - DEPUTY SHERIFFS' TORT LIABIL

14B - CIVIL SERVICE FOR CORRECTION

14C - DEPUTY SHERIFFS; PROCEDURE F

14D - DEPUTY SHERIFF RETIREMENT SY

14E - ESTABLISHMENT OF CERTAIN FEE

15 - EMERGENCY AMBULANCE SERVICE A

16 - COUNTY SOLID WASTE AUTHORITIE

17 - COUNTY FIRE BOARDS

18 - HOTEL OCCUPANCY TAX

19 - COUNTY LINKED DEPOSIT PROGRAM

20 - FEES AND EXPENDITURES FOR COU

21 - COUNTY FINANCIAL STABILIZATIO
    7 - 21 - 1
    7 - 21 - 2
    7 - 21 - 3
    7 - 21 - 4

22 - COUNTY ECONOMIC OPPORTUNITY D

23 - LOCAL GOVERNMENT FLEXIBILITY

24 - APPALACHIAN REGION INTERSTATE

WVC 7- CHAPTER 7. COUNTY COMMISSIONS AND OFFICERS.
WVC 7 - 21 - ARTICLE 21. COUNTY FINANCIAL STABILIZATION FUND ACT.

WVC 7 - 21 - 1 §7-21-1. Short title.
This article may be known and cited as the "County Financial Stabilization Fund Act."

WVC 7 - 21 - 2 §7-21-2. Findings and declarations.
The Legislature finds and declares that:

(1) County government 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 counties with assistance to meet these challenges, as well as enable them to improve their financial management and practices.

WVC 7 - 21 - 3 §7-21-3. Budget stabilization fund; creation; appropriation; maximum.
(a) A county commission may create a "financial stabilization fund" by a majority vote of the members. The fund may receive appropriations, gifts, grants and any other funds made available.

(b) The county commission may appropriate a sum to the fund from any surplus in the general fund at the end of each fiscal year or from any other money available.

(c) The amount of money in the fund may not exceed thirty percent of the county's most recent general fund budget, as originally adopted. When the fund exceeds the thirty percent, the county commission shall transfer the excess to any fund it considers appropriate.

WVC 7 - 21 - 4 §7-21-4. Fund investment; usage.
(a) The county commission may invest the money in the fund as it considers appropriate, with the earnings retained by the fund.

(b) The county commission may appropriate money in the financial stabilization fund upon a majority vote for any of the following purposes:

(1) To cover a general fund shortfall; or

(2) Any other purpose the commission considers appropriate.

Note: WV Code updated with legislation passed through the 2012 1st Special Session

Recent legislation affecting the Code

Citation	Year/Session	Short Title
§ 7 - 14 D- 20 - (Amended Code)	SENATE BILL - 394 PASSED - Regular Session SB394 ENR (Uploaded - 05/07/2013)	Relating to scholarships for dependent children of law-enforcement officers who die in performance of duty
§ 7 - 22 - 7 - (Amended Code)	HOUSE BILL - 2508 PASSED - Regular Session hb2508 ENR (Uploaded - 05/07/2013)	Changing the capital investment threshold amount
§ 7 - 25 - 1 - (New Code) § 7 - 25 - 2 - (New Code) § 7 - 25 - 3 - (New Code) § 7 - 25 - 4 - (New Code) § 7 - 25 - 5 - (New Code) § 7 - 25 - 6 - (New Code) § 7 - 25 - 7 - (New Code) § 7 - 25 - 8 - (New Code) § 7 - 25 - 9 - (New Code) § 7 - 25 - 10 - (New Code) § 7 - 25 - 11 - (New Code) § 7 - 25 - 12 - (New Code) § 7 - 25 - 13 - (New Code) § 7 - 25 - 14 - (New Code) § 7 - 25 - 15 - (New Code) § 7 - 25 - 16 - (New Code) § 7 - 25 - 17 - (New Code) § 7 - 25 - 18 - (New Code) § 7 - 25 - 19 - (New Code) § 7 - 25 - 20 - (New Code) § 7 - 25 - 21 - (New Code) § 7 - 25 - 22 - (New Code) § 7 - 25 - 23 - (New Code) § 7 - 25 - 24 - (New Code) § 7 - 25 - 25 - (New Code) § 7 - 25 - 26 - (New Code)	HOUSE BILL - 2600 PASSED - Regular Session HB2600 ENR (Uploaded - 05/07/2013)	Creating resort area districts
§ 7 - 7 - 14 A - (New Code)	HOUSE BILL - 2717 PASSED - Regular Session HB2717 SUB ENR (Uploaded - 05/07/2013)	Requiring that deputy sheriffs be issued ballistic vests upon law-enforcement certification
§ 7 - 14 D- 2 - (Amended Code) § 7 - 14 D- 7 - (Amended Code) § 7 - 14 D- 7 A - (New Code) § 7 - 14 D- 9 - (Amended Code) § 7 - 14 D- 16 - (Amended Code) § 7 - 14 D- 19 - (Amended Code)	HOUSE BILL - 2784 PASSED - Regular Session hb2784 ENR (Uploaded - 05/07/2013)	Relating to the Deputy Sheriff Retirement System Act
§ 7 - 22 - 9 - (Amended Code)	SENATE BILL - 1001 PASSED - 1st Special Session SB1001 ENR (Uploaded - 05/07/2013)	Permitting Monongalia County Commission levy district excise tax
§ 7 - 14 - 3 - (Amended Code) § 7 - 14 B- 3 - (Amended Code)	HOUSE BILL - 4063 PASSED - Regular Session HB4063 SUB ENR (Uploaded - 03/27/2012)	Relating to civil service commissions in political subdivisions

West Virginia Code *

Recent legislation affecting the Code