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West Virginia Code
Chapter 31
18B
Mortgage and Industrial Development Investment Pool.
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31-18B-1
Legislative intent.
31-18B-2
Establishment of state mortgage and industrial development investment pool; investment of workers' compensation funds and other funds in such pool; schedule of moneys invested; authority of state board of investments to invest funds from the pool in short-term investments; reversion of control of state board of investments.
31-18B-3
Housing development fund to make available state mortgage and industrial development investment pool funds for mortgages on single-family residential units; limitations upon type and size of such mortgages.
31-18B-4
West Virginia economic development authority to make available state mortgage and industrial development investment pool funds for investment in industrial development; amount of funds available; interest rate specified.
31-18B-5
Reversion to state Board of Investments of money not used for mortgages.
31-18B-6
Interest rate charged by housing development fund; other charges; points .
31-18B-7
Term of mortgage loans; renegotiation after ten years; promulgation of legislative rules.
31-18B-8
Persons eligible for loans from the state mortgage and industrial development investment pool; Housing Development Fund to have sole discretion in determining who is to receive loans; discrimination prohibited .
31-18B-9
Housing development fund may contract with private institutions to place and service loans or may itself provide such servicing; increasing interest rate and payment of a portion of interest to cover cost of servicing.
31-18B-10
Disposition of interest income and repayments of principal.
31-18B-11
Procedural rules required.
31-18B-12
Rules of construction and interpretation for prompt implementation of this article.