W. Va. Code R. § 148-8-2 - Definitions

For purposes of these rules, unless a different meaning clearly appears from the context:

2.1. "AICPA" means the American Institute of Certified Public Accountants.

2.2. "Assets" means all accounts that financial institutions hold for the State of West Virginia or its spending units, including but not limited to, all types of depository accounts; disbursement accounts; investment; mortgages; promissory notes; deeds or titles to property, plant or equipment; additional liens or collateral; letters of credit; contingent liabilities; or bond issuance accounts held by the institutions.

2.3. "Bank confirmation" means the written documentation of all assets that the State or its spending units have provided to or obligated themselves with financial institutions.

2.4. "Department" means the Department of Administration.

2.5. "Financial institution" means any bank, savings and loan association, building and loan association, industrial bank, industrial loan company, supervised lender, credit union and any other person, firm or corporation doing business with the State of West Virginia.

2.6. "GAAP" means generally accepted accounting principles.

2.7. "Secretary" means the Secretary of the Department of Administration.

2.8. "Spending unit" means a department, division, section, agency, board, commission, committee or institution of the State of West Virginia for which an appropriation is made by the Legislature.

Notes

W. Va. Code R. § 148-8-2