Any funds of a political subdivision or of any of the agencies, boards, commission or departments of the State of West Virginia raised by levy, sale of bonds or otherwise and which cannot be used within a reasonable time may be transferred to the Municipal Bond Commission. Any funds so transferred shall be invested by the commission in accordance with the provisions of this article. Any such funds so transferred may be withdrawn by the public body which transferred the same as authorized by this article upon sixty days' notice in writing to the commission.
Structure West Virginia Code
Chapter 13. Public Bonded Indebtedness
Article 3. Municipal Bond Commission
§13-3-2. Composition of Commission; Terms of Appointment; Vacancies; Removal From Office
§13-3-4. Executive Committee; Powers and Duties
§13-3-5. Officer and Employee Bonds
§13-3-5a. Costs and Expenses; Fees for Services
§13-3-6. Powers and Duties of Commission
§13-3-7a. Escrowing Bond Issues
§13-3-8. Notification by Issuer of Bond Sale
§13-3-10. Accounts of Bond Issues; Annual Statements, Canceled Bonds and Coupons
§13-3-12. Destruction of Canceled Bonds and Coupons