In order, as expeditiously as possible, to cease operation of the existing facilities by the board, to transfer the operations of the existing facilities and the assets and liabilities to the corporation, which will construct the new facilities, at the same time maintaining the educational services of an operating hospital facility, the transactions provided by this article shall be exempt from the bidding and public sale requirements, from the approval of contractual agreements by the department of finance and administration or the Attorney General and from the requirements of chapter five-a of this code. The transactions provided by this article shall be subject to an audit by an independent Auditor mutually agreed upon by the board and the corporation.
W. Va. Code § 18-11C-5
Exemption from certain requirements; audit
Applied in 1 court decision — leading case 179 W. Va. 95 - Queen v. West Virginia University Hospitals, Inc. (1987)
Most recently applied in 179 W. Va. 95 - Queen v. West Virginia University Hospitals, Inc. (July 1987)
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.