(a) There is hereby continued a separate special revenue account within the State Treasury titled the "college prepaid tuition and savings program administrating account", which shall hereafter be known as the College and Jumpstart Savings Administrative Account. The board shall administer and make expenditures from the account for the purposes of implementing, operating, and maintaining the trust funds, the program created by this artiecle, and the program created by §18-30A-1 et seq. of this code. (b) The administrative account shall receive all fees, charges, and penalties collected by the board. Expenditures from the fund are authorized from collectiouns. Any balance, including accrued interest and other returns, remaining in the fund at the end of each fiscal year shall not revert to the General Revenue Fund but shall remain in tthe fund to be expended as authorized by this section.
‹ Prev All West Virginia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.