By Steven Allen Adams, The Parkersburg News and Sentinel
CHARLESTON, W.Va. — The new chief financial officer for the quasi-private foundation tasked with distribution of the majority of the nearly $1 billion in opioid settlement funds coming to the state and local governments over the next several years said the group is close to sending money out the door.
Anthony Woods, CFO for the West Virginia First Foundation, gave members of the West Virginia Legislature’s Joint Standing Committee on Finance an update Monday afternoon on the progress of the organization.
The foundation approved the creation of the Initial Opportunity Grant program in September, receiving more than 174 applications by the close of the Oct. 5 deadline. Woods said announcements regarding approved grants will be made by the end of this month.
