West Virginia Code 15-1J-6 – Military Authority Reimbursable Expenditure Fund
(a) A special revenue account known as the “Military Authority Reimbursable Expenditure Fund” is hereby established in the state treasury. The purpose of the fund is to make moneys available to the Military Authority for expenditures that qualify for cost reimbursement pursuant to a cooperative agreement, grant, or other legal agreement with the federal government.
Terms Used In West Virginia Code 15-1J-6
- Authority: means the West Virginia Military Authority. See West Virginia Code 15-1J-3
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Guard: means West Virginia National Guard, including its army and air components. See West Virginia Code 15-1J-3
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
(b) The Adjutant General shall administer the fund.
(c) The fund shall receive all moneys transferred to the fund pursuant to §36-8-13(e) of this code, any income from the investment of moneys held in the fund, and all moneys reimbursed into the fund pursuant to subsection (e) of this section.
(d) The Adjutant General may authorize expenditures from the fund that qualify for cost reimbursement pursuant to a cooperative agreement, grant, or other legal agreement with the federal government, including but not limited to the following:
(1) Expenditures for operations and maintenance of all facilities;
(2) Expenditures for major and minor construction;
(3) Any other types of expenditures related to homeland and national security missions; and
(4) Any other types of expenditures to support missions of the West Virginia National Guard.
(e) Upon receiving moneys from the federal government to reimburse the Military Authority for expenditures authorized by this section, the Adjutant General shall reimburse the fund in an amount equal to the moneys received from the federal government.
(f) Any balance, including accrued interest and other returns, remaining in the fund at the end of each fiscal year shall be transferred to the Unclaimed Property Fund.