§18-9F-5. School Access Safety Fund.
118 words·~1 min read·
/wv/chapter-18-education/article-9f-school-access-safety-act/18-9f-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)There is hereby established in the state Treasury a special account designated the School Access Safety Fund.
(b)All funds accruing to the authority pursuant to the provisions of this article shall be deposited into the fund and expended in accordance with provisions of this article.
(c)Any funds remaining in the account at the end of a fiscal year, including accrued interest, do not revert to the General Revenue Fund, but remain in the account.
(d)The authority may transfer moneys from the fund to custodial accounts maintained by the authority with a state financial institution, as necessary to the performance of any contracts executed by the authority in accordance with the provisions of this article.