5-16C-1 Legislative findings; purpose; short title
5-16C-2 Definitions
5-16C-3 Finance board responsibilities for review and approval of certain contracts
5-16C-4 Authorization to execute prescription drug purchasing agreements
5-16C-5 Authorization to amend existing contracts
5-16C-6 Authorization to execute pharmacy benefit management contract
5-16C-7 Exemption from Purchasing Division requirements
5-16C-8 Audit required; reports
5-16C-9 Innovative strategies
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Terms Used In West Virginia Code > Chapter 5 > Article 16C - Prescription Drug Cost Management Act

  • Agreement: means any agreement being entered into between the nonprofit corporation and a business, corporation, private party or local or state government. See West Virginia Code 31-21-2
  • Audit: means a systematic examination and collection of sufficient, competent evidential matter needed for an Auditor to attest to the fairness of management'. See West Virginia Code 5-16C-2
  • board: means the board of directors of the corporation to be appointed under the provisions of section six of this article. See West Virginia Code 31-21-2
  • Certified sites: means those sites that are developable properties that have been prequalified as having proper land use designation, utilities, transportation improvements, availability, and pricing. See West Virginia Code 31-21-2
  • Corporation: means the West Virginia Land Stewardship Corporation, a nonstock, nonprofit corporation to be established under the West Virginia Nonprofit Corporation Act, article two, chapter . See West Virginia Code 31-21-2
  • DEP: means the West Virginia Department of Environmental Protection or any successor agency. See West Virginia Code 31-21-2
  • Devise: To gift property by will.
  • Director: means the director of the Public Employees Insurance Agency created under article sixteen of this chapter. See West Virginia Code 5-16C-2
  • Environmental acts: means the Surface Coal Mining and Reclamation Act set forth in article three, chapter . See West Virginia Code 31-21-2
  • Finance board: means the Public Employees Insurance Agency finance board created in section four, article sixteen of this chapter. See West Virginia Code 5-16C-2
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Nonprofit corporation: means a corporation established under the West Virginia Nonprofit Corporation Act, article two, chapter . See West Virginia Code 31-21-2
  • Prescription drug purchasing agreement: means a written agreement to pool all parties'. See West Virginia Code 5-16C-2
  • Quorum: The number of legislators that must be present to do business.