West Virginia Community Infrastructure Authority Act

Sections covered

• W. Va. Code § 31-19-1Short title
• W. Va. Code § 31-19-10Bonds and notes not debt of state, county, or municipality; expenses incurred pursuant to article
• W. Va. Code § 31-19-11Use of funds by authority; restrictions thereon
• W. Va. Code § 31-19-12Investment of funds by authority
• W. Va. Code § 31-19-13Reports by authority to Governor and Legislature
• W. Va. Code § 31-19-14Community infrastructure bonds lawful investments
• W. Va. Code § 31-19-15Purchase and cancellation of notes or bonds
• W. Va. Code § 31-19-16Refunding bonds
• W. Va. Code § 31-19-17Exemption from taxation
• W. Va. Code § 31-19-18Financial interests in contracts prohibited; penalty
• W. Va. Code § 31-19-19Meetings and records of authority to be kept public
• W. Va. Code § 31-19-2Legislative findings and purposes
• W. Va. Code § 31-19-20Liberal construction of article
• W. Va. Code § 31-19-21Severability
• W. Va. Code § 31-19-3Definitions
• W. Va. Code § 31-19-4West Virginia Community Infrastructure Authority created; West Virginia Community Infrastructure Board created; organization of Authority and Board; appointment of board members; their term of office, compensation and expenses; duties and responsibilities of director and staff of authority
• W. Va. Code § 31-19-5Authority may finance community infrastructure projects; loans to or bond purchases from counties and municipalities shall be subject to terms of loan or bond purchase agreements
• W. Va. Code § 31-19-6Powers, duties and responsibilities of the authority generally
• W. Va. Code § 31-19-7Authority empowered to issue community infrastructure revenue bonds, renewal notes and refunding bonds; requirements and manner of such issuance
• W. Va. Code § 31-19-8Trustee for bondholders; contents of trust agreement
• W. Va. Code § 31-19-9Legal remedies of bondholders and trustees