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Home » US Law » 2022 West Virginia Code » Chapter 31. Corporations » Article 15. West Virginia Economic Development Authority

§31-15-1. Short Title

This article shall be known and may be cited as "The West Virginia Economic Development Authority Act."

§31-15-10. Approval by Authority

(a) To implement the powers and authority conferred upon it by this article, the board of the authority may adopt a resolution pursuant to which it shall: (1) specify and describe the project;

§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;

§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 […]

§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 […]

§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 […]

§31-15-16a. Bonds for Capital Improvements at Institutions of Higher Education, State Parks, the State Capitol Complex, Other State Facilities or Tourism Sites; Limitations; Authority to Issue Revenue Bonds; Use of Funds to Pay for Projects

(a)(1) The economic development authority shall, in accordance with the provisions of this article, issue revenue bonds from time to time, to pay for a portion of the cost of constructing, equipping, improving or maintaining capital improvement projects under this section or to refund the bonds, at the discretion of the authority. The principal amount […]

§31-15-16d. Lottery Revenue Bonds for State Park Projects

(a)(1) The Economic Development Authority shall, in accordance with the provisions of this article, issue revenue bonds, in one or more series, from time to time, to pay for all or a portion of the cost of constructing, equipping, improving, or maintaining capital improvement projects under this section or to refund the bonds issued for […]

§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 […]

§31-15-2. Legislative Findings

It is hereby determined and declared as a matter of legislative finding: (a) That unemployment exists in many areas of the state and may well come about, from time to time, in other areas of the state; (b) that in some areas of the state, unemployment is a serious problem and has been for so […]

§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 […]