The State of West Virginia is changing the way agencies make large purchases on credit. The state's line of credit is most often used on fleet vehicle purchases.
Photo courtesy of West Virginia Governor's Office
The State of West Virginia is adding new guidelines for states making large purchases on credit. In a statement, Gov. Jim Justice said his administration recently discovered there is no review or approval procedure for agencies interested in using the state’s $25 million line of credit.
Since 1992, the line of credit has been used primarily to purchase vehicles by the Fleet Management Office. The current balance is about $21 million, of which $17.6 million is from fleet purchases.
The line of credit is also used by state colleges and universities, including $700,000 spent on two airplanes and a flight simulator for Fairmont State University’s aviation program.
This is part of a larger effort to tighten policies, stemming from a 2016 study that found that the state did not keep track of its fleet vehicles. Since taking office in January 2017, Gov. Justice has implemented several measures to improve fleet management. This includes calling on state agencies to reduce their fleets, changing the way state fleet vehicles are registered, and reforming the Fleet Management Office into a division with more authority.
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