W. Va. Code R. § 148-19-10 - Real Property Accounting and Records
10.1. All real property owned or leased by
the State shall be accounted for by the spending unit that owns, leases, or is
in the possession of the real property.
10.2. Each spending unit shall establish and
maintain a record of each item of real property it owns, leases, or possesses,
shall annually report its real property inventory in the centralized accounting
system maintained by the Enterprise Resource Planning Board , and provide, on or
before December 30th, its
records to the Real Estate Division in a format that is approved by the Real
Estate Division: Provided, That any change in ownership status
or occupancy of real estate must be reported within thirty days of the change
by the spending unit to the centralized accounting system maintained by the
Enterprise Resource Planning Board , and to any cabinet secretary or equivalent
agency head to which the spending unit reports. Said reporting shall include:
10.2.a. A description of the real property
including address and lot number if available, or a description of the subject
lease, and the county where the property is located.
10.2.b The date the property was purchased or
leased.
10.2.c. The purchase price
of the property or the rental costs of leased real property.
10.2.d. The name of the spending unit or
owner holding title to or leasing the real property.
10.2.e. A description of the current uses of
the property as well as a description of projected future uses.
10.2.f. A description of all buildings,
structures or other improvements located on the property.
10.2.g. The identity of any written
agreements affecting the real property, including but not limited to,
covenants, easements, rights of ways, etc.
Notes
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