Article
Mortgage and Industrial Development Investment Pool
- W. Va. Code § 31-18B-1— Legislative intent
- W. Va. Code § 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
- W. Va. Code § 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
- W. Va. Code § 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
- W. Va. Code § 31-18B-5— Reversion to state Board of Investments of money not used for mortgages
- W. Va. Code § 31-18B-6— Interest rate charged by housing development fund; other charges; points
- W. Va. Code § 31-18B-7— Term of mortgage loans; renegotiation after ten years; promulgation of legislative rules
- W. Va. Code § 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
- W. Va. Code § 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
- W. Va. Code § 31-18B-10— Disposition of interest income and repayments of principal
- W. Va. Code § 31-18B-11— Procedural rules required
- W. Va. Code § 31-18B-12— Rules of construction and interpretation for prompt implementation of this article