HB4362 revises the governance of the Municipal Bond Commission in West Virginia.

HB4362 amends the West Virginia Code to change the governance of the Municipal Bond Commission. The bill designates the State Treasurer as the chair of the commission. It authorizes the commission to hire its own employees, consultants, managers, and advisors, and to set their compensation and duties. The commission is required to produce quarterly financial statements and undergo an annual audit. The bill also exempts the commission from state purchasing requirements and allows it to conduct business via video conferencing.

HB4362 revises the governance of the Municipal Bond Commission in West Virginia.

HB4362 amends the West Virginia Code to change the governance of the Municipal Bond Commission. The bill designates the State Treasurer as the chair of the commission. It authorizes the commission to hire its own employees, consultants, managers, and advisors, and to set their compensation and duties. The commission is required to produce quarterly financial statements and undergo an annual audit. The bill also exempts the commission from state purchasing requirements and allows it to conduct business via video conferencing.