WV HB2978

Designates the State Treasurer as chairman of the Municipal Bond Commission, replacing the Tax Commissioner, and requires the Treasurer's office to provide staff, consultants, and office space to support the commission

Increases per diem compensation for appointed commission members from $50 to $500 per day of work

Removes the Municipal Bond Commission from the Department of Revenue's organizational structure, establishing it as an entity under the State Treasurer's authority

Requires the commission to produce quarterly financial statements and undergo annual financial and compliance audits beginning with fiscal year ending June 30, 2026

Authorizes the commission to conduct business via video conferencing, exempts it from state purchasing requirements, and permits it to use existing contracts with the State Treasurer's Office, Investment Management Board, or Board of Treasury Investments