§31-21-1. Short Title
OF ARTICLE AND DEFINITIONS. §31-21-1. Short title. This article shall be known and may be cited as The West Virginia Land Stewardship Corporation Act.
§31-21-2. Definitions
The following words used in this article, unless the context clearly indicates a different meaning, are defined as follows: (1) "Agreement" means any agreement being entered into between the nonprofit corporation and a business, corporation, private party or local or state government.
§31-21-3. Declaration of Policy
(a) The Legislature finds and declares that developable land is one of West Virginia's most valuable resources in terms of net contributions to the state's economy and tax base. (b) The Legislature further finds that: (1) Due to topography, the state has somewhat limited amounts of developable land and that promoting the productive reuse of […]
§31-21-4. Purpose of Article
The purpose of this article is to provide for the creation of a special purpose nonprofit corporation with a comprehensive mission to: (1) Assist the DEP in utilizing a voluntary land stewardship program for the long-term safeguarding of IEC Sites to ensure that the remedy remains protective of human health and the environment and to […]
§31-21-5. Creation of the West Virginia Land Stewardship Corporation; Powers and Limitations
§31-21-5. Creation of the West Virginia Land Stewardship Corporation; powers and limitations. (a) The corporation shall be organized as a nonprofit, nonstock corporation under the West Virginia Nonprofit Corporation Act, article two, chapter thirty-one-e of this code. The property thereof is deemed to be held for an area economic development purpose under subdivision fourteen, subsection […]
§31-19-20. Liberal Construction of Article
The provisions of this article are hereby declared to be remedial and shall be liberally construed to effectuate its purposes and intents.
§31-19-21. Severability
If any section, part or provision of this article or the application thereof to any person or circumstance is held unconstitutional or invalid, such unconstitutionality or invalidity shall not affect any other section, part or provision of this article or its application and to this end the provisions of this article are declared to be […]
§31-20-16. Disclaimer of Any Liability of State of West Virginia
The state of West Virginia shall not be liable on notes, security interests or bonds or other evidences of indebtedness of the authority and such notes, security interests or bonds or other evidences of indebtedness shall not be a debt of the State of West Virginia, and such notes, security interests or bonds or other […]
§31-19-13. Reports by Authority to Governor and Legislature
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 […]
§31-19-14. Community Infrastructure Bonds Lawful Investments
The provisions of sections nine and ten, article six, chapter twelve of this code to the contrary notwithstanding all community infrastructure revenue bonds issued pursuant to this article shall be lawful investments for the West Virginia state Board of Investments and shall also be lawful investments for banking institutions, societies for savings, building and loan […]