For bonds or notes issued pursuant to the provisions of this article, in the discretion of the authority, any bonds or notes, including refunding bonds or notes issued by the authority, may be secured by a trust agreement between the authority and a corporate trustee, which trustee may be any bank or trust company within or without the state. Any such trust agreement may contain such binding covenants with the holders of such bonds or notes as to any matter or provisions as are deemed necessary or advisable to the authority to enhance the marketability and security of such bonds or notes and may also contain such other provisions with respect thereto as the authority may authorize and approve. Any resolution adopted by the authority or any trust agreement may contain a pledge or assignment of revenues to be received in connection with the financing.
Structure West Virginia Code
Article 15. West Virginia Economic Development Authority
§31-15-2. Legislative Findings
§31-15-6. General Powers of Authority
§31-15-7. Loans to Industrial Development Agencies or Enterprises for Projects
§31-15-8a. Broadband Loan Insurance Program; Requirements
§31-15-9. Bonds and Notes Issued Pursuant to This Article
§31-15-10. Approval by Authority
§31-15-11. Trustee for Bondholders; Contents of Trust Agreement; Pledge or Assignment of Revenues
§31-15-12. Use of Funds by Authority; Restrictions Thereon Relating to Projects
§31-15-12a. Horseshoe Pitcher S Hall of Fame
§31-15-12b. Loans to Support Tourism
§31-15-13. Refunding Bonds or Notes
§31-15-15. Negotiability of Bonds and Notes Issued Pursuant to This Article
§31-15-16. Bonds and Notes Issued Pursuant to This Article; Legal Investments
§31-15-16b. Lottery Revenue Bonds for Cacapon Resort State Park and Beech Fork State Park
§31-15-16d. Lottery Revenue Bonds for State Park Projects
§31-15-17. Exemption From Taxation
§31-15-18. Personal Liability; Persons Executing Bonds or Notes Issued Pursuant to This Article
§31-15-20. Authority of the Board of Investments
§31-15-21. Loan and Insurance Application Requirements
§31-15-23. Economic Development Fund
§31-15-23a. Economic Development Project Fund
§31-15-24. Transfer of State Property to the Authority
§31-15-25. Validity of Any Pledge, Mortgage, Deed of Trust or Security Instrument
§31-15-26. Money of the Authority
§31-15-27. Conflict of Interest; When Contracts Void
§31-15-28. Agreement With Federal Agencies Not to Alter or Limit Powers of Authority
§31-15-30. Projects Not to Be Considered Public Improvements