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

Terms Used In West Virginia Code > Chapter 5 > Article 16C

  • Audit: means a systematic examination and collection of sufficient, competent evidential matter needed for an auditor to attest to the fairness of management's assertions in the financial statements and to evaluate whether management has sufficiently and effectively carried out its responsibilities and complied with applicable laws and regulations, conducted by an independent certified public accountant in accordance with the applicable statement on standards: Provided, That the report shall include an incurred-but-not-reported calculation, where available. See West Virginia Code 5-16C-2
  • Director: means the director of the public employees insurance agency created under article sixteen of this chapter. See West Virginia Code 5-16C-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
  • Prescription drug purchasing agreement: means a written agreement to pool all parties' prescription drug buying power in order to negotiate the best possible prices and which delegates authority to negotiate on behalf of the parties to the director. See West Virginia Code 5-16C-2
  • 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