W. Va. Code R. § 112-15-9

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

Section 112-15-9 - Contracts and Accounts

9.1. Any member of the Board is authorized to receive any moneys due and payable to the Board from any source whatsoever.

9.2. The Board may authorize the Chairman or its officers or agents to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Board. A contract, agreement or purchase required in the normal course of business in the total amount of $25,000.00 or less does not require Board approval.

9.3. No contract or other transaction between the Board and one or more of its Trustees, agents or any other corporation, firm, association or entity in which one or more of its Trustees are Trustees or officers or are financially interested, shall be authorized by the Board unless such contract or transaction has been approved in writing by the West Virginia Ethics Commission.

W. Va. Code R. § 112-15-9