The state, the Treasurer, the Department of Commerce, the West Virginia Development Office and the Small Business Development Center and their employees are not liable to any eligible lending institution in any manner for payment of the principal or interest on the loan to an eligible small business. Any delay in payment or default on the part of an eligible small business does not in any manner affect the deposit agreement between the eligible lending institution and the Treasurer.
Structure West Virginia Code
Chapter 12. Public Moneys and Securities
Article 1A. West Virginia Small Business Linked Deposit Program
§12-1A-3. Limitations on Investment in Linked Deposits
§12-1A-4. Applications for Loan Priority; Loan Package; Counseling
§12-1A-5. Acceptance or Rejection of Loan Package; Deposit Agreement for Linked Deposits
§12-1A-6. Certification and Monitoring of Compliance; Accountability and Reporting