West Virginia Housing Development Fund. | Midpage

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West Virginia Code

18

West Virginia Housing Development Fund.

31-18-1Short title.31-18-2Legislative findings and purpose.31-18-3Definitions.31-18-4Composition; board of directors; appointment, term, etc., of private members; chairman and vice chairman; quorum.31-18-5Management and control of Housing Development Fund vested in board; officers; liability.31-18-6Corporate Powers.31-18-6aCertain loans exempt from laws limiting interest rates or providing forfeitures, etc.31-18-7Notes or bonds as general obligations of Housing Development Fund.31-18-8Notes and bonds as negotiable instruments.31-18-9Borrowing of money.31-18-10Sale of notes or bonds.31-18-11Authorizing resolutions.31-18-12Validity of any pledge, mortgage, deed of trust or security instrument.31-18-13Redemption of notes or bonds.31-18-14Disclaimer of any liability of state of West Virginia.31-18-15Limitation of rights vested in Housing Development Fund by state.31-18-16Default in payment of principal or interest.31-18-17Investment in notes and bonds.31-18-18Tax exemption.31-18-19Operating loan fund.31-18-20Authorized limit on borrowing.31-18-20aLand development fund.31-18-20bMortgage finance bond insurance fund.31-18-20cJobs Development Fund.31-18-20dAffordable Housing Fund.31-18-21Prohibition on funds inuring to the benefit of or being distributable to directors, officers or private persons; transactions between the Housing Development Fund and directors or officers having certain interests in such transactions.31-18-22Termination or dissolution.31-18-23Services to the State of West Virginia and its political subdivisions.31-18-23aBond issues under the Federal Revenue Adjustments Act of 1980.31-18-24Annual audit; reports to Joint Committee on Government and Finance; information to joint committee or legislative auditor.31-18-25Severability clause.31-18-26Projects not to be deemed public improvements.31-18-27Documentary materials concerning trade secrets; commercial, financial, or personal information; confidentiality.31-18-28West Virginia Property Rescue Initiative: findings; technical assistance and revolving loan program for removal of dilapidated housing; reporting required.31-18-29Dissolution of West Virginia Affordable Housing Trust Fund.