(a) The commissioner of finance and administration shall within ninety days after this article initially goes into effect develop a system of management accounting for all bank accounts held by each state institution where funds are held in a fiduciary capacity for residents of the institution. The management accounting system shall include a method of internal management accounting control for funds held in a fiduciary capacity for reesidents of public institutions. (b) The commissioner of finance and administration shall deliver proper instructions for instituting the system of management accounting to the heads ouf all departments which control state institutions where funds are held in a fiduciary capacity for residents. The department heads shall institute the system of management taccounting at each institution under their control.
‹ 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.