12-6E-1 Definitions
12-6E-2 West Virginia Impact Fund
12-6E-3 Purpose and goal; investment standards
12-6E-4 Establishment of the Investment Committee; appointments; removal; vacancy; quorum
12-6E-5 Powers and duties of Investment Committee; disclosure of interests; standard of care
12-6E-6 Establishment of the Mountaineer Impact Office; managing director; project proposals; monitoring performance; consultation with Investment Management Board; insurance
12-6E-7 Computation of income; audits; annual report
12-6E-8 Role of the Investment Management Board; immunity from liability
12-6E-9 Immunities of Investment Committee and Mountaineer Impact Office; exemptions
12-6E-10 Political activities
12-6E-11 Confidential information

Terms Used In West Virginia Code > Chapter 12 > Article 6E - West Virginia Impact Fund

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Approved investment: means a proposed investment in a final project as approved by the Investment Committee. See West Virginia Code 12-6E-1
  • Approved project proposal: means a project proposal that has been approved by the Investment Committee. See West Virginia Code 12-6E-1
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • Final project: means the final project or investment product developed by a selected manager. See West Virginia Code 12-6E-1
  • 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.
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Investment Committee: means the committee established in §. See West Virginia Code 12-6E-1
  • Investment Management Board: means the West Virginia Investment Management Board established under §. See West Virginia Code 12-6E-1
  • Judgment: includes decrees and orders for the payment of money, or the conveyance or delivery of land or personal property, or some interest therein, or any undertaking, bond or recognizance which has the legal effect of a judgment. See West Virginia Code 2-2-10
  • Mountaineer Impact Office: means the agency and government instrumentality of the State of West Virginia established under §. See West Virginia Code 12-6E-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Project proposal: means a proposal for a particular project identified by the Mountaineer Impact Office to implement the goal of the West Virginia Impact Fund described in §. See West Virginia Code 12-6E-1
  • Quorum: The number of legislators that must be present to do business.
  • Selected manager: means one or more asset or project managers selected by the Mountaineer Impact Office under §. See West Virginia Code 12-6E-1
  • West Virginia Impact Fund: means the fund established in §. See West Virginia Code 12-6E-1