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Monday, 12/29/08 |
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The Federal Trade Commission announced that it will suspend enforcement
of the new "Red Flags Rule" until May 1, 2009, to give creditors and
financial institutions additional time in which to develop and
implement written identity theft prevention programs.
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Read more...
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Wednesday, 12/10/08 |
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During the Interim Committee meetings of the Legislature, the Rule Making Review Committee had a Division of Labor Rule on the agenda for consideration dealing with the Contractor Licensing Board.
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Read more...
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Sunday, 10/26/08 |
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Public Hearing Schedule and Discussion
Download here.
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Friday, 09/19/08 |
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New federal regulations, known as “red flag rules”, require financial
institutions and creditors to develop and implement written
identity-theft-prevention programs. Because of the definition of
“creditor”, many municipalities may be affected by these regulations.
A municipality that provides a service to customers and collects payment later must comply with the red flag rules. The
red flag rules are part of the federal Fair and Accurate Credit
Transactions (FACT) Act of 2003. Under these regulations, financial
institutions and creditors with covered accounts must have
identity-theft-prevention programs in place by November 1, 2008 to
identify, detect and respond to patterns, practices, or specific
activities that could indicate identity theft.
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Read more...
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Wednesday, 08/06/08 |
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Housing Stimulus Legislation Signed Today Has
Added Bonus: New FHLBank Powers to Boost Low-cost Financing
of Public Projects- The housing stimulus legislation signed into law today by President Bush
contains a little-mentioned but significant provision to assist public projects
across the Mountain State.
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Read more...
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Tuesday, 07/22/08 |
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This document is now available here .
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Tuesday, 07/01/08 |
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Future residential developers will soon have a new cost to contend with after the Martinsburg City Council approved a new community development fee during its Monday meeting.
A public hearing on the ordinance for the proposed fee was held during the meeting, after which the ordinance was given its third and final reading and was approved by the council. As a result of its approval, the fee will take effect Sept. 1 but will not apply to any building permit that was filed with the city of Martinsburg on or before Aug. 31.
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Read more...
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Tuesday, 06/03/08 |
The WV Municipal League and the WV Association of Counties hosted a
workshop on May 30, 2008, in Flatwoods, WV, regarding recent
developments pertaining to post employment benefits.
The workshop featured Jason Haught, Chief Finance Official for the WV
Public Employees Insurance Agency. Mr. Haught advised that with recent
changes to governmental accounting standards via GASB Statements 43
& 45, employers will now have to begin recognizing the expense of
providing post employment benefits prior to paying such. Per GASB 45,
governmental entities must now recognize this expense as it is
incurred, or earned by the employee. This expense encompasses both the
amortization of benefits earned in the past and current year’s
benefits.
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Read more...
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