WV SB776

Requires all Public Service Districts to undergo independent financial and operational audits every two years, with results reported to the Public Service Commission and made publicly available

Mandates that Public Service District board members and senior management complete at least six hours of annual continuing education on financial management, regulatory compliance, and operational best practices

Authorizes the Public Service Commission to conduct scheduled and unannounced inspections of Public Service Districts at least once every three years to evaluate financial stability, service reliability, and infrastructure condition

Requires Public Service Districts to submit annual reports detailing revenue sources, expenditures, outstanding debts, and infrastructure investment plans, which must be published online for public access

Grants the Public Service Commission authority to impose fines, require corrective actions, appoint temporary oversight personnel, or mandate management restructuring for districts in chronic non-compliance