This bill proposes an amendment to the Code of West Virginia, specifically section 8-15-8b, to increase the annual expenditure limit for volunteer and part-volunteer fire companies and departments for educational and training supplies, as well as fire prevention promotional materials, from $500 to $5,000. This change aims to provide these organizations with greater financial flexibility to enhance their training and outreach efforts, ultimately improving fire safety and prevention in the community.
In addition to the primary amendment, the bill also includes various provisions regarding the management of funds received from the Municipal Pensions and Protection Fund and the Fire Protection Fund. It emphasizes the importance of maintaining separate bank accounts for state funds and outlines the requirements for record retention, ensuring that all financial transactions are properly documented and audited. The bill also clarifies that volunteer fire companies may invest received funds but must adhere to strict guidelines regarding the use and management of these funds.
Statutes affected: Introduced Version: 8-15-8b