West Virginia Code
Article 16F. West Virginia Division of Multimodal Transportation Facilities
§17-16F-25. Railroad Maintenance Bonds Lawful Investments

By the provisions of 12-6-1 et seq. of this code, notwithstanding any code section to the contrary, all railroad maintenance revenue bonds issued pursuant to this article are lawful investments for the West Virginia Investment Management Board and are also lawful investments for banking institutions, societies for savings, building and loan associations, savings and loan associations, deposit guarantee associations, trust companies, insurance companies, including domestic for life and domestic not for life insurance companies.

Structure West Virginia Code

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-3. Definitions

§17-16F-4. Powers and Duties of Division

§17-16F-5. Rules of Division

§17-16F-6. Advisory Boards

§17-16F-7. Annual Report

§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-10. Construction and Operation of Facilities by Private Enterprise; Leasing of Facilities by Division

§17-16F-11. Foreign Trade Zones; Free Trade Zones; Ports of Entry and Customs Zones

§17-16F-12. Special West Virginia Public Port Operations Fund; West Virginia Multimodal Division Operations Fund; Other Funds Transferred to the Division of Multimodal Transportation

§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-17. Division Empowered to Issue Bonds, Renewal Notes and Refunding Bonds; Requirements and Manner of Such Issuance

§17-16F-18. Trustee for Bondholders; Contents of Trust Agreement

§17-16F-19. Legal Remedies of Bondholders and Trustees

§17-16F-20. Bonds and Notes Not Debt of State, County, Municipality, or of Any Political Subdivision; Expenses Incurred Pursuant to Article

§17-16F-21. Use of Funds by Division; Restrictions

§17-16F-22. Investment of Funds by Division

§17-16F-23. Rentals and Other Revenues From Railroad Projects; Contracts and Leases of Division; Cooperation of Other Governmental Agencies; Bonds of Such Agencies

§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-28. Additional Powers and Duties of Division Related to Aeronautics, Airports, and Air Navigation Projects

§17-16F-29. State Financial Assistance for County, Municipal and Regional Airports

§17-16F-30. Financial Aid

§17-16F-31. Establishment and Operation of State Airports

§17-16F-32. Use of State and Municipal Facilities and Services

§17-16F-33. Disposition of Fees

§17-16F-34. Severability