The provisions of sections nine and ten, article six, chapter twelve of this code to the contrary notwithstanding, all water development revenue bonds issued pursuant to this article are lawful investments for the West Virginia State Board of Investments 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
Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts
Article 1. Water Development Authority
§22C-1-2. Declaration of Policy and Responsibility; Purpose and Intent of Article; Findings
§22C-1-6. Powers, Duties, and Responsibilities of Authority Generally
§22C-1-8. Expenditure of Funds for Study and Engineering of Proposed Projects
§22C-1-10. Trustee for Bondholders; Contents of Trust Agreement
§22C-1-11. Trust Agreements for Related Responsibilities; Reimbursements
§22C-1-12. Legal Remedies of Bondholders and Trustees
§22C-1-14. Use of Funds by Authority; Restrictions Thereon
§22C-1-15. Investment of Funds by Authority
§22C-1-18. Water Development Bonds Lawful Investments
§22C-1-19. Purchase and Cancellation of Notes or Bonds
§22C-1-21. Exemption From Taxation
§22C-1-24. Financial Interest in Contracts Prohibited; Penalty
§22C-1-25. Meetings and Records of Authority to Be Kept Public