Saturday, June 3rd, 2023 at 11:41 AM
Lootpress
  • News
    • All
    • Business
    • Consumer
    • Crime
    • Entertainment
    • Featured
    • Health
    • History
    • Lifestyle
    • Local
    • National
    • North Carolina News
    • Politics
    • Top Stories
    • Virginia News
    • Weather News
    • West Virginia News

    Legendary guitarist Steve Vai perform in Clarksburg

    Inmate Pleads Guilty to Possessing Weapon at FCI Beckley

    Former WVDEP Official Pleads Guilty to Theft of Federal Grant Funds

    West Virginia State Trooper fatally shot

    Man convicted and sentenced for punching corrections officer

    Man sentenced to minimum of 2 years for first-degree sexual abuse of child

    Fayette County woman sentenced to prison for ‘senseless, detrimental’ offenses

    Manchin celebrates resumption of MVP construction: “We scored a touchdown”

    Charleston Road Closures/Detours for the weekend of June 2-4

    Trending Tags

    • Raleigh County
    • Fayette County
    • Mercer County
    • Breaking
    • Crime
    • Local
    • National

      Woman walking on California beach finds ancient mastodon tooth

      DOJ closes Pence classified documents investigation with no charges

      Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

      Florida man arrested for pointing gun at woman’s head after her friend used his driveway to back up

      Senate votes to overturn Biden’s student loan relief program

      Capito, Peters Reintroduce Bipartisan Legislation to Help Communities Attract Workers and Cut Taxes for Recent College Graduates

      Movie Review: The giddy splendor of ‘Spider-Man: Across the Spider-Verse’

      Sean ‘Diddy’ Combs says in lawsuit that spirits giant Diageo neglected his vodka and tequila brands

      Beloved New York swan babies rescued after mother was eaten by family, police say

    • Politics

      DOJ closes Pence classified documents investigation with no charges

      Sen. Trump set to run for West Virginia Supreme Court

      Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

      Senate votes to overturn Biden’s student loan relief program

      Capito, Peters Reintroduce Bipartisan Legislation to Help Communities Attract Workers and Cut Taxes for Recent College Graduates

      House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

      Senator Joe Manchin votes to overturn Biden’s student loan forgiveness plan

      Mike Pence, Former Vice President

      Former VP Mike Pence is set to launch his presidential campaign next week

      FILE - Former New Jersey Gov. Chris Christie addresses a gathering during a town hall style meeting at New England College, April 20, 2023, in Henniker, N.H. Allies of former Christie have launched a new super PAC to support his expected candidacy for the Republican presidential nomination. (AP Photo/Charles Krupa, File)

      Ex-New Jersey Gov. Chris Christie planning to launch GOP presidential campaign next week

    • West Virginia News

      Legendary guitarist Steve Vai perform in Clarksburg

      Man convicted and sentenced for punching corrections officer

      Man sentenced to minimum of 2 years for first-degree sexual abuse of child

      Manchin celebrates resumption of MVP construction: “We scored a touchdown”

      Charleston Road Closures/Detours for the weekend of June 2-4

      Helicopter Logging to Begin in Gum Cabin Timber Sale

      Man arrested on 72 counts of Distribution & Exhibition of Material Depicting Minors Engaged in Sexually Explicit Conduct

      Senior Farmers Market Nutrition Vouchers Now Available

      Marshall School of Art and Design to host invitational exhibition ‘How Close is That to Richmond?’

    • Virginia News
    • Weather News
  • County News
    • Barbour County
    • Barbour County
    • Berkeley County
    • Boone County
    • Braxton County
    • Buchanan County
    • Cabell County
    • Clay County
    • Greenbrier County
    • Fayette County
    • Jackson County
    • Kanawha County
    • Lewis County
    • Logan County
    • Mason County
    • McDowell County
    • Mercer County
    • Mingo County
    • Monroe County
    • Nicholas County
    • Putnam County
    • Raleigh County
    • Randolph County
    • Randolph County
    • Summers County
    • Wyoming County
  • Sports
    • 2021 Prep Football Tab
    • 2021 Prep Football Playoffs
    • Local Sports
    • College Sports
    • Boys Basketball
    • Girls Basketball
    • Prep Baseball
    • Prep Softball
    • Prep Football
    • Prep Soccer
    • Prep Track and Field
    • Prep Volleyball
    • Golf
    • WVU Tech
  • Lifestyle
    • Birth Announcements
    • Pet of the Week
    • WV Tourism
      • Charleston CVB
      • Huntington CVB
      • Morgantown CVB
      • Visit Southern WV Tourism
        • Visit Southern WV
  • Obituaries
  • Editorials
  • Community Calendar
  • About Us
    • Meet the Team
    • Write For Us
    • Contact Us
  • Email Alerts
No Result
View All Result
  • News
    • All
    • Business
    • Consumer
    • Crime
    • Entertainment
    • Featured
    • Health
    • History
    • Lifestyle
    • Local
    • National
    • North Carolina News
    • Politics
    • Top Stories
    • Virginia News
    • Weather News
    • West Virginia News

    Legendary guitarist Steve Vai perform in Clarksburg

    Inmate Pleads Guilty to Possessing Weapon at FCI Beckley

    Former WVDEP Official Pleads Guilty to Theft of Federal Grant Funds

    West Virginia State Trooper fatally shot

    Man convicted and sentenced for punching corrections officer

    Man sentenced to minimum of 2 years for first-degree sexual abuse of child

    Fayette County woman sentenced to prison for ‘senseless, detrimental’ offenses

    Manchin celebrates resumption of MVP construction: “We scored a touchdown”

    Charleston Road Closures/Detours for the weekend of June 2-4

    Trending Tags

    • Raleigh County
    • Fayette County
    • Mercer County
    • Breaking
    • Crime
    • Local
    • National

      Woman walking on California beach finds ancient mastodon tooth

      DOJ closes Pence classified documents investigation with no charges

      Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

      Florida man arrested for pointing gun at woman’s head after her friend used his driveway to back up

      Senate votes to overturn Biden’s student loan relief program

      Capito, Peters Reintroduce Bipartisan Legislation to Help Communities Attract Workers and Cut Taxes for Recent College Graduates

      Movie Review: The giddy splendor of ‘Spider-Man: Across the Spider-Verse’

      Sean ‘Diddy’ Combs says in lawsuit that spirits giant Diageo neglected his vodka and tequila brands

      Beloved New York swan babies rescued after mother was eaten by family, police say

    • Politics

      DOJ closes Pence classified documents investigation with no charges

      Sen. Trump set to run for West Virginia Supreme Court

      Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

      Senate votes to overturn Biden’s student loan relief program

      Capito, Peters Reintroduce Bipartisan Legislation to Help Communities Attract Workers and Cut Taxes for Recent College Graduates

      House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

      Senator Joe Manchin votes to overturn Biden’s student loan forgiveness plan

      Mike Pence, Former Vice President

      Former VP Mike Pence is set to launch his presidential campaign next week

      FILE - Former New Jersey Gov. Chris Christie addresses a gathering during a town hall style meeting at New England College, April 20, 2023, in Henniker, N.H. Allies of former Christie have launched a new super PAC to support his expected candidacy for the Republican presidential nomination. (AP Photo/Charles Krupa, File)

      Ex-New Jersey Gov. Chris Christie planning to launch GOP presidential campaign next week

    • West Virginia News

      Legendary guitarist Steve Vai perform in Clarksburg

      Man convicted and sentenced for punching corrections officer

      Man sentenced to minimum of 2 years for first-degree sexual abuse of child

      Manchin celebrates resumption of MVP construction: “We scored a touchdown”

      Charleston Road Closures/Detours for the weekend of June 2-4

      Helicopter Logging to Begin in Gum Cabin Timber Sale

      Man arrested on 72 counts of Distribution & Exhibition of Material Depicting Minors Engaged in Sexually Explicit Conduct

      Senior Farmers Market Nutrition Vouchers Now Available

      Marshall School of Art and Design to host invitational exhibition ‘How Close is That to Richmond?’

    • Virginia News
    • Weather News
  • County News
    • Barbour County
    • Barbour County
    • Berkeley County
    • Boone County
    • Braxton County
    • Buchanan County
    • Cabell County
    • Clay County
    • Greenbrier County
    • Fayette County
    • Jackson County
    • Kanawha County
    • Lewis County
    • Logan County
    • Mason County
    • McDowell County
    • Mercer County
    • Mingo County
    • Monroe County
    • Nicholas County
    • Putnam County
    • Raleigh County
    • Randolph County
    • Randolph County
    • Summers County
    • Wyoming County
  • Sports
    • 2021 Prep Football Tab
    • 2021 Prep Football Playoffs
    • Local Sports
    • College Sports
    • Boys Basketball
    • Girls Basketball
    • Prep Baseball
    • Prep Softball
    • Prep Football
    • Prep Soccer
    • Prep Track and Field
    • Prep Volleyball
    • Golf
    • WVU Tech
  • Lifestyle
    • Birth Announcements
    • Pet of the Week
    • WV Tourism
      • Charleston CVB
      • Huntington CVB
      • Morgantown CVB
      • Visit Southern WV Tourism
        • Visit Southern WV
  • Obituaries
  • Editorials
  • Community Calendar
  • About Us
    • Meet the Team
    • Write For Us
    • Contact Us
  • Email Alerts
No Result
View All Result
Lootpress
No Result
View All Result

WV State Treasurer proposes legislation to provide oversight of taxpayer funds

Gailyn Markham by Gailyn Markham
Tuesday, March 16, 2021 11:35 am

CHARLESTON, WV (LOOTPRESS) – State Treasurer Riley Moore today said his office is proposing legislative measures that would increase oversight, transparency and accountability over taxpayer funds used by the state Economic Development Authority.

The announcement follows Tuesday’s release of a legislative audit which found the development authority took a $24 million loss on a taxpayer-funded venture capital program created in 2002 and failed to maintain adequate accounting documentation.

“As your new Treasurer, I am not going to sit idly by while unelected bureaucrats squander taxpayer money with impunity,” Treasurer Moore said. “As the state’s chief financial officer, I have a fiduciary duty to ensure taxpayer funds are spent wisely with absolute transparency and accountability – and I will do everything within my power to make sure this never happens again.”

Even before the audit was released, Treasurer Moore was working with legislative leaders on proposals to strengthen his office’s oversight powers.

“Government has to stop being reactive to these kinds of situations. The people of our state deserve better,” Treasurer Moore said. “That’s why my office is being proactive to prevent situations like this from ever happening again.”

The EDA frequently uses money provided through the state’s Board of Treasury Investments – which manages the consolidated short-term operating fund used by state and local governments – to provide loans and loan insurance for economic development purposes.

Treasurer Moore is working with legislators to put stronger safeguards in place to avoid any future problems with these funds, as well as correct some of the issues identified in the legislative audit.

That includes giving the Board of Treasury Investments the power to inspect all Economic Development Authority financial and administrative records related to outstanding loan and loan insurance programs that use funds from the investments board.

Additionally, the legislation proposed by the Treasurer would require the Economic Development Authority to submit quarterly reports to the Board of Treasury Investments, Governor and the Legislature’s Joint Committee on Government and Finance, as well as submit to regular audits by the Legislative Auditor.

“This is my pledge to West Virginia taxpayers: We are going to be vigilant stewards of your money,” Treasurer Moore said. “The days of squandering your tax dollars on shady deals and reckless investments are over. We’re going to make sure these agencies operate with complete transparency and accountability to protect your money from waste, fraud and abuse.”

ShareTweetSend
Gailyn Markham

Gailyn Markham

Gailyn Markham is a multimedia journalist for Lootpress. She joined the Lootpress staff in November of 2020. Gailyn graduated from Concord University in May of 2019 with a BA in English Journalism and a minor in Sociology. During her time there, she was a staff writer for the school’s newspaper, “The Concordian,” and received the 2019 Outstanding Journalist Award for her work. Before joining the Lootpress team, Gailyn interned for The Register-Herald and, upon completing her internship, was asked to continue working as a freelance writer. She freelanced for the newspaper for two years. A West Virginia native, Gailyn has always been devoted to telling the stories of the Mountain State. When she isn’t working, she enjoys taking advantage of West Virginia’s many outdoor adventures, reading, and renovating her home with her husband, Chris. For news tips or story ideas, email Gailyn at gailynmarkham@lootpress.com. You can also follow her on Facebook.

Don't Miss

Entertainment

Legendary guitarist Steve Vai perform in Clarksburg

3 hours ago
Crime

Inmate Pleads Guilty to Possessing Weapon at FCI Beckley

15 hours ago
Crime

Former WVDEP Official Pleads Guilty to Theft of Federal Grant Funds

15 hours ago

Sign up for our weekly email recap of the week's top stories and be entered to win a $25 Visa gift card weekly.

Select list(s) to subscribe to


Thank you for choosing Lootpress as your news source.

Top Stories

  • All
  • News

Oceana Police arrest man in connection to another man’s death

June 2, 2023

West Virginia State Trooper fatally shot

June 2, 2023

WV State Treasurer proposes legislation to provide oversight of taxpayer funds

March 16, 2021
(G Squared Handwerker/Facebook)

Annual Mountain Made Makers Market to feature local items made by hand

May 3, 2023

Video of male Disney employee in dress causes outrage

May 30, 2023
Load More

Community Calendar

Recent News

Legendary guitarist Steve Vai perform in Clarksburg

June 3, 2023

State Tournament Baseball: Cabell Midland and Hedgesville to meet for the Class AAA title Saturday

June 3, 2023

State Tournament Baseball: Mistakes and missed opportunities doom Shady in loss to Keyser

June 3, 2023

Lootpress brings you the latest news in Southern West Virginia and around.

Follow Us

Facebook Twitter Youtube

Recent News

Legendary guitarist Steve Vai perform in Clarksburg

June 3, 2023

State Tournament Baseball: Cabell Midland and Hedgesville to meet for the Class AAA title Saturday

June 3, 2023
  • About
  • Privacy & Policy
  • Terms and Conditions

© 2023 Lootpress - Your News, Now! Lootpress.

No Result
View All Result
  • News
    • Breaking
    • Crime
    • Local
    • National
    • Politics
    • West Virginia News
    • Virginia News
    • Weather News
  • County News
    • Barbour County
    • Barbour County
    • Berkeley County
    • Boone County
    • Braxton County
    • Buchanan County
    • Cabell County
    • Clay County
    • Greenbrier County
    • Fayette County
    • Jackson County
    • Kanawha County
    • Lewis County
    • Logan County
    • Mason County
    • McDowell County
    • Mercer County
    • Mingo County
    • Monroe County
    • Nicholas County
    • Putnam County
    • Raleigh County
    • Randolph County
    • Randolph County
    • Summers County
    • Wyoming County
  • Sports
    • 2021 Prep Football Tab
    • 2021 Prep Football Playoffs
    • Local Sports
    • College Sports
    • Boys Basketball
    • Girls Basketball
    • Prep Baseball
    • Prep Softball
    • Prep Football
    • Prep Soccer
    • Prep Track and Field
    • Prep Volleyball
    • Golf
    • WVU Tech
  • Lifestyle
    • Birth Announcements
    • Pet of the Week
    • WV Tourism
      • Charleston CVB
      • Huntington CVB
      • Morgantown CVB
      • Visit Southern WV Tourism
  • Obituaries
  • Editorials
  • Community Calendar
  • About Us
    • Meet the Team
    • Write For Us
    • Contact Us
  • Email Alerts

© 2023 Lootpress - Your News, Now! Lootpress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist