Funds of the State Rail Section in excess of current needs, except as otherwise provided in any authorization for the issuance of railroad maintenance revenue bonds or in any trust agreement securing the same, may be invested by the West Virginia Investment Management Board as authorized to invest under 12-6-1 et seq. of this code. Income from all such investments of moneys in any fund shall be credited to such funds as the commissioner determines, subject to the provisions of any authorization or trust agreement and such investments may be sold at such times as the commissioner, determines.
Structure West Virginia Code
Chapter 17. Roads and Highways
Article 16F. West Virginia Division of Multimodal Transportation Facilities
§17-16F-1. Legislative Findings and Creation of Division
§17-16F-2. Secretary S Powers and Duties
§17-16F-4. Powers and Duties of Division
§17-16F-8. Financial Interest in Contracts Prohibited; Penalty
§17-16F-9. Public Purpose of Activities; Property of Public Utilities and Common Carriers
§17-16F-11. Foreign Trade Zones; Free Trade Zones; Ports of Entry and Customs Zones
§17-16F-13. Additional Powers and Duties of Division Related to Railroad Projects
§17-16F-14. Additional Authority Regarding the Maryland Area Regional Commuter
§17-16F-15. Rail Operations; Purchases
§17-16F-16. Railroad Maintenance Fund
§17-16F-18. Trustee for Bondholders; Contents of Trust Agreement
§17-16F-19. Legal Remedies of Bondholders and Trustees
§17-16F-21. Use of Funds by Division; Restrictions
§17-16F-22. Investment of Funds by Division
§17-16F-24. Maintenance, Operation, and Repair of Projects; Reports to Governor and Legislature
§17-16F-25. Railroad Maintenance Bonds Lawful Investments
§17-16F-26. West Virginia Commuter Rail Access Fund
§17-16F-27. State Rail Plan Required
§17-16F-29. State Financial Assistance for County, Municipal and Regional Airports
§17-16F-31. Establishment and Operation of State Airports
§17-16F-32. Use of State and Municipal Facilities and Services