West Virginia § 16-48-8 - 16-48-8. Establishment of savings program trust fund and savings expense fund in State Treasury.
Full text of West Virginia West Virginia Code § 16-48-8 — 16-48-8. Establishment of savings program trust fund and savings expense fund in State Treasury., with citation guidance and answers to common questions.
§ 16-48-8. 16-48-8. Establishment of savings program trust fund and savings expense fund in State Treasury.
(a) The West Virginia ABLE savings program trust fund is hereby established in the State Treasury. The fund shall be utilized if the Treasurer elects to accept deposits from contributors rather than have deposits sent directly to the program manager. Such fund shall consist of any moneys deposited by contributors in accordance with this article which are not deposited directly with the program manager. All interest derived from the deposit and investment of moneys in such savings trust fund shall be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered moneys in such savings trust fund may not be credited or transferred to the State General Fund or to any other fund.
(b) (1) The West Virginia ABLE Savings Expense Fund is hereby established in the State Treasury. The fund shall consist of moneys received from the ABLE savings program manager, or any governmental or private grants and any state general fund appropriations, if any, for the program.
(2) All expenses incurred by the Treasurer in developing and administering the ABLE savings program shall be payable from the West Virginia ABLE Savings Expense Fund.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 16-48-8
What does West Virginia Code § 16-48-8 cover?
Section 16-48-8 ("16-48-8. Establishment of savings program trust fund and savings expense fund in State Treasury.") is part of the West Virginia Code, the codified statutory law of West Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite West Virginia § 16-48-8?
A common citation format is "West Virginia Code § 16-48-8" (West Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of West Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the West Virginia official source linked on this page or consult a licensed West Virginia attorney.
How does West Virginia § 16-48-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in West Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in West Virginia.