West Virginia Code 18B-18-9 – Authorization to solicit private moneys; terms of grants; reports; handling of moneys
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Each institution, and each dean and department chair within each institution, may solicit moneys for the endowment of eminent scholars pursuant to this article. All persons and institutions engaged in soliciting moneys shall apprise the board of their actions and provide periodic reports, at least once each fiscal year, regarding the amounts secured and, upon receipt of any moneys, shall forward them immediately to the board for deposit.
Terms Used In West Virginia Code 18B-18-9
- board: means the institutional boards of Governors, individually or collectively, created pursuant to subsection (b), section one, article two-a of this chapter. See West Virginia Code 18B-18-2
- 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.