reglab/housing_qa huggingface dataset:
WV Code § 31-15-12 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-12. Use of Funds by Authority; Restrictions Thereon Relating to Projects

All moneys, properties and assets acquired by the authority, whether as proceeds from the sale of bonds or notes or as revenues or otherwise, shall be held by it in trust for the purposes of carrying out its powers and duties and shall be used and reused in accordance with the purposes and provisions of this article. Such moneys shall at no time be commingled with other public funds. Such moneys, except as otherwise provided in any resolution authorizing the issuance of bonds or notes or in any trust agreement securing the same, or except when invested pursuant to this article, shall be kept in appropriate depositories and secured as provided and required by law. The resolution authorizing the issuance of such bonds or notes of any issue or the trust agreement securing such bonds or notes shall provide that any officer to whom, or any banking institution or trust company to which, such moneys are paid, shall act as trustee of such moneys and hold and apply them for the purposes hereof, subject to the conditions this article and such resolution or trust agreement provide.
WV Code § 31-15-12a (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-12a. Horseshoe Pitcher S Hall of Fame

[Repealed.]
WV Code § 31-15-12b (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-12b. Loans to Support Tourism

(a) In order to preserve jobs and support tourism, the Economic Development Authority may make loans, consistent with this section.(b) For purpose of this section an applicant is:(1) A licensed entity that has filed an application for a loan under this section no later than July 1, 2016;(2) A licensed entity operating in West Virginia; and(3) A licensed entity that operates a resort comprised of at least seventy-five acres and employing a minimum of one hundred employees.(c) The proceeds of the loans:(1) May be used only to refinance the existing indebtedness of qualifying applicants; and(2) May not exceed the outstanding indebtedness of the qualifying applicants as of January 1, 2016.(d) The loans shall be:(1) Made under terms and conditions established by the Economic Development Authority.(2) Collateralized as determined by the Economic Development Authority.(e) The total refinancing provided pursuant to this section by the Economic Development Authority shall not exceed 2.5 percent of the Economic Development Authority’s direct loan portfolio.
WV Code § 31-15-13 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-13. Refunding Bonds or Notes

Any bonds or notes issued by the authority or any other public body or authority of the state pursuant to the provisions of this article or any other provision of this code and at any time outstanding may at any time and from time to time be refunded by the authority by the issuance of its refunding bonds or notes in such amount as it may deem necessary to refund the principal of the bonds or notes so to be refunded, together with any unpaid interest thereon; to provide additional funds for the purposes of the authority; and to pay any premiums and commissions necessary to be paid in connection therewith. Any such refunding may be effected whether the bonds or notes to be refunded shall have then matured or shall thereafter mature, either by sale of the refunding bonds or notes and the application of the proceeds thereof for the redemption of the bonds or notes to be refunded thereby or by exchange of the refunding bonds or notes for the bonds or notes to be refunded thereby. Such refunding bonds or notes shall be issued in conformance with the provisions of sections nine and ten of this article.
WV Code § 31-15-14 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-14. Obligations of Authority Undertaken Pursuant to This Article Not Debt of State, County, Municipality or Any Political Subdivision

Bonds and notes, including refunding bonds and notes, issued under the authority of this article and any coupons in connection therewith, and any other obligations undertaken by the authority pursuant to this article, shall not constitute a debt or a pledge of the faith and credit or taxing power of this state or of any county, municipality or any other political subdivision of this state, and the holders and owners thereof shall have no right to have taxes levied by the Legislature or the taxing authority of any county, municipality or any other political subdivision of this state for the payment of the principal thereof or interest thereon, but such bonds, notes and other obligations shall be payable solely from revenues and funds pledged for their payment as authorized by this article unless the notes are issued in anticipation of the issuance of bonds or the notes are refunded by refunding bonds issued under the authority of this article, which bonds or refunding bonds shall be payable solely from revenues and funds pledged for their payment as authorized by this article. All such bonds and notes, and all documents evidencing any other obligation, shall contain on the face thereof a statement to the effect that the bonds, notes or such other obligation as to both principal and interest, are not debts of the state or any county, municipality or political subdivision thereof, but are payable solely from revenues and funds pledged for their payment.
WV Code § 31-15-15 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-15. Negotiability of Bonds and Notes Issued Pursuant to This Article

Whether or not the bonds or notes issued pursuant to this article are of such form or character as to be negotiable instruments under the Uniform Commercial Code, such bonds or notes are negotiable instruments within the meaning of and for all the purposes of the Uniform Commercial Code, subject only to the provisions of the bonds or notes for registration.
WV Code § 31-15-16 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-16. Bonds and Notes Issued Pursuant to This Article; Legal Investments

The provisions of sections nine and ten, article six, chapter twelve of this code to the contrary notwithstanding, the bonds and notes issued pursuant to the provisions of this article are securities in which all public officers and bodies of this state, including the West Virginia state Board of Investments, all municipalities and other political subdivisions of this state, all insurance companies and associations and other persons carrying on an insurance business, including domestic for life and domestic not for life insurance companies, all banks, trust companies, societies for savings, building and loan associations, savings and loan associations, deposit guarantee associations and investment companies, all administrators, guardians, executors, trustees and other fiduciaries and all other persons whatsoever who are authorized to invest in bonds or other obligations of the state may properly and legally invest funds, including capital, in their control or belonging to them.
WV Code § 31-15-17 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-17. Exemption From Taxation

The exercise of the powers granted to the authority by this article will be in all respects for the benefit of the people of the state for the improvement of their health, safety, convenience and welfare and is a public purpose. As the operation and maintenance of projects financed under this article will constitute the performance of essential governmental functions, the authority shall not be required to pay any taxes or assessments upon any property acquired or used by the authority or upon the income therefrom. All bonds and notes of the authority, and all interest and income thereon, shall be exempt from all taxation by this state and any county, municipality, political subdivision or agency thereof, except inheritance taxes.
WV Code § 31-15-18 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-18. Personal Liability; Persons Executing Bonds or Notes Issued Pursuant to This Article

Neither the members or officers of the authority or of any authority, agency or office, nor any person executing the bonds or notes issued pursuant to the provisions of this article, shall be liable personally on such bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof.
WV Code § 31-15-19 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-19. Cumulative Authority as to Powers Conferred; Applicability of Other Statutes and Charters; Bonds and Notes Issued Pursuant to This Article

The provisions of this article relating to the making of loans and to the issuance of bonds and notes shall be construed as granting cumulative authority for the exercise of the various powers herein conferred, and neither the powers nor any bonds or notes issued hereunder shall be affected or limited by any other statutory or charter provision now or hereafter in force, other than as may be provided in this article, it being the purpose and intention of this article to create full, separate and complete additional powers. The various powers conferred herein may be exercised independently and notwithstanding that no bonds or notes are issued hereunder.
WV Code § 31-15-20 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-20. Authority of the Board of Investments

The Board of Investments shall, under the provisions of this article, invest moneys, securities and other assets of the special account for the common investment of state funds designated as the state account within the special investment fund designated as the consolidated fund established under the provisions of subsection (b), section eight, article six, chapter twelve of this code as a revolving loan fund with the authority, to enable the authority to make loans approved by the authority and to be funded from such consolidated fund in an amount which shall not at anytime exceed $150 million in the aggregate principal amount outstanding. With respect to loans funded under this article through the consolidated fund of the state, such loans shall be made in the name of the consolidated fund by the authority.
WV Code § 31-15-21 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-21. Loan and Insurance Application Requirements

Prior to the loaning of any funds to an industrial development agency or an enterprise for a project or the insuring of any bonds, notes, loans or other instruments pursuant to section eight of this article, the authority shall receive from such agency or enterprise an application in such form as adopted by the authority for either the loan or the insurance.
WV Code § 31-15-22 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-22. Documentary Materials Concerning Trade Secrets; Commercial or Financial Information; or Confidentiality

Any documentary material or data made or received by the authority for the purpose of furnishing assistance to a business, to the extent that such material or data consists of trade secrets or commercial or financial information regarding the financial position or business operation of such business, shall not be considered public records and shall be exempt from disclosure pursuant to the provisions of chapter twenty-nine-b of this code. Any discussion or consideration of such trade secrets or commercial or financial information may be held by the authority in executive session closed to the public, notwithstanding the provisions of article nine-a, chapter six of this code: Provided, That the authority shall make publicly available the following information regarding executed loans or its provision of insurance: (1) the name of the debtor, (2) location(s) of the project, (3) amount of the authority loan or financial assistance provided by the insurance fund, (4) the purpose of the loan or financial assistance, (5) the term, rate and interest of the loan, and (6) the fixed assets which serve as security for the loan or insurance provided.
WV Code § 31-15-23 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-23. Economic Development Fund

The economic development fund, to which shall be credited any appropriation made by the Legislature to the authority, any funds which the authority is authorized to receive under any provision of this code, other funds which the board directs to be deposited into the fund, and such other deposits as are provided for in this section, is hereby continued in the State Treasury as a special account.The authority may requisition from the fund such amounts as are necessary to provide for the payment of the administrative expenses of this article. Notwithstanding any other provision of this article, whenever the authority determines it to be necessary to purchase at a foreclosure sale any project pursuant to subdivision (t), section six of this article, it may requisition from the fund such amount as is necessary to pay the purchase price thereof.The authority shall requisition from the fund such amounts as are allocated and appropriated for loans to industrial development agencies or enterprises for projects. As loans to industrial development agencies or enterprises are repaid to the authority pursuant to the terms of mortgages and other agreements, the authority shall pay such amounts into the fund, consistent with the intent of this article that the fund shall operate as a revolving fund whereby all appropriations and payments made thereto may be applied and reapplied for the purposes of this article. Revenues deposited into the fund may be used to make payments of interest and principal and may be pledged as security for bonds, security interests or notes issued by the authority pursuant to this article.Whenever the authority determines that the balance in the fund is in excess of the immediate requirements for loans, it may request that such excess be invested until needed for loan purposes, in which case such excess shall be invested in a manner consistent with the investment of other temporary state funds. Interest earned on any money invested pursuant to this section shall be credited to the fund.If the authority determines that funds held in the fund are in excess of the amount needed to carry out the purposes of this article, it may take such action as is necessary to release such excess and transfer it to the General Fund of the State Treasury.
WV Code § 31-15-24 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-24. Transfer of State Property to the Authority

The Governor is authorized to provide for the transfer to the authority of the use, possession and control of such real or personal property of the state as he may from time to time deem useful to the authority in the conduct of its activities as authorized by this article.
WV Code § 31-15-25 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-25. Validity of Any Pledge, Mortgage, Deed of Trust or Security Instrument

It is the intention hereof that any pledge, mortgage, deed of trust or security instrument made by or for the benefit of the authority shall be valid and binding between the parties from the time the pledge, mortgage, deed of trust or security instrument is made; and that the moneys or property so pledged, encumbered, mortgaged or entrusted shall immediately be subject to the lien of such pledge, mortgage, deed of trust or security instrument without any physical delivery thereof or further act.
WV Code § 31-15-26 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-26. Money of the Authority

All money accruing to the authority from whatever source derived, except legislative appropriations, shall be collected and received by the treasurer of the authority, who shall pay it into the State Treasury in the manner required by section two, article two, chapter twelve of this code, which shall be credited to the appropriate fund of the authority.
WV Code § 31-15-27 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-27. Conflict of Interest; When Contracts Void

No member, officer or employee of the authority shall either directly or indirectly be a party to or interested in any manner in any contract or agreement with the authority whereby liability or indebtedness against or to the authority is in any manner created. Any contract or agreement made in violation of the provisions of this section shall be void and no action thereon shall be maintained against the authority.
WV Code § 31-15-28 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-28. Agreement With Federal Agencies Not to Alter or Limit Powers of Authority

The state hereby pledges to and agrees with each federal agency that, if such agency constructs or loans or contributes any funds for any project, the state will not alter or limit the rights and powers of the authority in any manner which would be inconsistent with the due performance of any agreement between the authority and such federal agency and that the authority shall continue to have and exercise all powers granted for carrying out the purposes of this article for so long as necessary.
WV Code § 31-15-29 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-29. Audits

As soon as possible after the close of each fiscal year, the authority shall make an annual report of its activities for the preceding fiscal year to the Governor and the Legislature. Each such report shall set forth a complete operating and financial statement covering the authority's operations during the preceding fiscal year. The authority shall cause an audit of its books and accounts to be made at least once each fiscal year by certified public accountants and the cost thereof may be treated as a part of the cost of construction or of operations of its projects.
WV Code § 31-15-30 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-30. Projects Not to Be Considered Public Improvements

No project, enterprise or business facility which conducts as its primary activity a manufacturing process or other nongovernmental or nonpublic activity may be deemed to be a "public improvement" within the meaning of the provisions of article five-a, chapter twenty-one of this code.
WV Code § 31-15-31 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-31. Foreign Trade Zones; Authority Approval

Any public corporation located in the state is hereby authorized to apply for, develop, maintain and operate a foreign trade zone in the state pursuant to and in accordance with all applicable provisions of federal law: Provided, That any public corporation desiring to apply for or develop a foreign trade zone must first receive the approval of the authority.
WV Code § 31-15-32 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-32. Severability

If any section, subsection, subdivision, subparagraph, sentence or clause of this article is adjudged to be unconstitutional or invalid, such adjudication shall not affect the validity of the remaining portions of this article, and, to this end, the provisions of this article are hereby declared to be severable.
WV Code § 31-15-33 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15. West Virginia Economic Development Authority|§31-15-33. Construction

The provisions of this article are remedial and shall be liberally construed and applied so as to promote the purposes set out in section three of this article.
WV Code § 31-15A-1 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15A. West Virginia Infrastructure and Jobs Development Council|§31-15A-1. Short Title

This article shall be known and may be cited as the "West Virginia Infrastructure and Jobs Development Act."
WV Code § 31-15A-6 (2021)
2021 West Virginia Code|Chapter 31. Corporations|Article 15A. West Virginia Infrastructure and Jobs Development Council|§31-15A-6. Powers, Duties and Responsibilities of the Council Generally; Comprehensive Assessment

(a) In addition to the powers set forth elsewhere in this article, the council is granted, has and may exercise all powers necessary or appropriate to carry out and effectuate the purposes and intent of this article. The council shall have the power and capacity to:(1) Provide consultation services to project sponsors in connection with the planning, acquisition, improvement, construction or development of any infrastructure project or project;(2) Periodically prepare a list of infrastructure projects or projects which cannot meet the established funding guidelines of the various state infrastructure agencies, other than the Housing Development Fund, but which are consistent with the mandates of this article and recommend to the Water Development Authority that it make a grant or loan to the project sponsors from the infrastructure fund to finance the cost of one or more such projects or infrastructure projects;(3) Do all other acts necessary and proper to carry out the powers expressly granted to the authority in this article; and(4) Make and execute contracts, commitments and obligations and other instruments necessary or convenient for the exercise of its powers.(b) The council shall develop a comprehensive statewide inventory of water supply systems and sewage treatment systems and an assessment of current and future needs. The assessment shall identify the areas of the state which do not have adequate public water or sewage systems and offer recommendations for the construction of new facilities or the extension or expansion of existing facilities to meet the identified needs. The council shall include in the assessment an identification of the obstacles, issues and problems which prevent or inhibit development of adequate infrastructure throughout the state, including financial, governmental, physical, or geographical factors and make recommendation as the council considers appropriate regarding the obstacles, issues or problems identified. This comprehensive inventory and assessment shall be updated at least once in every three-year period after the initial assessment and inventory is completed in 1996.(c) The council shall study the viability of the consolidation of public service districts throughout the state. The council shall report their findings and conclusions on or before January 16, 1995 to the Governor, Speaker of the House of Delegates and President of the Senate.