W. Va. Code R. § 112-10-3

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 112-10-3 - Quarterly Report

3.1. Timeframe - A spending unit that has debt shall submit a report to the Division and the Legislative Auditor for each calendar quarter by the 15th day of the following month, with the report containing the information and in the format specified by the Treasurer.

3.2. A spending unit having no debt shall only submit an annual report.

3.3. A spending unit shall immediately notify the Division of any change in its outstanding debt or financial condition.

3.4. The quarterly report of a spending unit with debt shall contain the following information, as applicable:

3.4.1. The name of the spending unit;

3.4.2. The amount and type of debt outstanding at the end of the quarter;

3.4.3. The total debt service on the debt for the quarter;

3.4.4. The true interest cost on the debt per bond series issued;

3.4.5. The maturity of each bond series issued;

3.4.6. The dollar amount of debt repayment during the quarter;

3.4.7. The amount and type of debt incurred during the quarter, if not already reported;

3.4.8. The source of funds used for repayment of debt issued during the quarter, and a schedule, by year, for the collection of the funds, if not already reported;

3.4.9. All costs and expenses incurred in the issuance of debt during the quarter, if not already reported;

3.4.10. A copy of the transcript, including the official or offering statement or circular, setting forth both the terms and conditions of debt issued during the quarter, if not already reported;

3.4.11. The repayment or amortization schedule of all debt issued during the quarter, if not already reported;

3.4.12. The security for the debt, if not already reported; and

3.4.13. All other information specified by the Treasurer.

W. Va. Code R. § 112-10-3