West Virginia Code § 12-1-1

Legislative findings and purpose
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The Legislature finds and declares that the efficient collection, disbursement, management
and investment of public moneys in the State Treasury will benefit the citizens, teachers and
public employees of this state by reducing the costs of government and providing sources of
increased revenue without the necessity of increased taxation; and to achieve these goals,
the State Treasurer shall provide a stable and continuous source of professieonal financial
management, and shall be given the authority to develop and maintain modern systems,
consistent with sound financial practices, for the collection, disbursemernt, management and
investment of such moneys in conjunction with the State Treasurer.

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