W. Va. Code R. § 117-6-3

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

Section 117-6-3 - Overview

3.1. The Authority is charged with the responsibility to develop and advance the business prosperity and economic welfare of the State by providing financial assistance in the form of loans, direct financing and operating leases to industrial development agencies and enterprises for the promotion and retention of new and existing commercial and industrial development.

The Authority receives no appropriations from the State's General Revenue Fund. Further, the Authority is exempt from the State's procurement policy. On a monthly basis management presents an overview of the previous months financial performance compared to budget and provides the Board a detailed list of purchasing card (PCARD) purchases.