West Virginia Code
Article 15. West Virginia Economic Development Authority
§31-15-25. Validity of Any Pledge, Mortgage, Deed of Trust or Security Instrument

It is the intention hereof that any pledge, mortgage, deed of trust or security instrument made by or for the benefit of the authority shall be valid and binding between the parties from the time the pledge, mortgage, deed of trust or security instrument is made; and that the moneys or property so pledged, encumbered, mortgaged or entrusted shall immediately be subject to the lien of such pledge, mortgage, deed of trust or security instrument without any physical delivery thereof or further act.

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Structure West Virginia Code

West Virginia Code

Chapter 31. Corporations

Article 15. West Virginia Economic Development Authority

§31-15-1. Short Title

§31-15-2. Legislative Findings

§31-15-3. Purposes of Article

§31-15-3a. West Virginia Industry and Jobs Development Corporation Abolished; Establishment of Economic Development Authority as Successor to Corporation

§31-15-4. Definitions

§31-15-5. West Virginia Economic Development Authority; Composition; Appointment; Terms; Delegation of Authority by Chairman; Voting; Compensation and Expenses

§31-15-6. General Powers of Authority

§31-15-6a. Special Power of Authority to Transfer Funds; Limitations; Fund Created; Use of Funds to Provide Customized Job Training Program by Governor's Office of Economic and Community Development

§31-15-6b. Special Power of Authority to Issue Bonds or Notes to Repay and Refinance Capital Investment of Investment Management Board in Regional Jail and Correctional Facility Authority; Authorizing Issuance of Bonds to Finance Regional Jail Facili...

§31-15-6c. Neighborhood Housing and Economic Development Stabilization Program; Authority to Contract With Housing Development Fund; Funding

§31-15-7. Loans to Industrial Development Agencies or Enterprises for Projects

§31-15-8. Insurance Fund

§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

§31-15-14. Obligations of Authority Undertaken Pursuant to This Article Not Debt of State, County, Municipality or Any Political Subdivision

§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

§31-15-16a. Bonds for Capital Improvements at Institutions of Higher Education, State Parks, the State Capitol Complex, Other State Facilities or Tourism Sites; Limitations; Authority to Issue Revenue Bonds; Use of Funds to Pay for Projects

§31-15-16b. Lottery Revenue Bonds for Cacapon Resort State Park and Beech Fork State Park

§31-15-16c. Bonds for County Capital Improvements; Limitations; Authority to Issue Revenue Bonds; Use of Funds to Pay for Projects

§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

§31-15-19. Cumulative Authority as to Powers Conferred; Applicability of Other Statutes and Charters; Bonds and Notes Issued Pursuant to This Article

§31-15-20. Authority of the Board of Investments

§31-15-21. Loan and Insurance Application Requirements

§31-15-22. Documentary Materials Concerning Trade Secrets; Commercial or Financial Information; or Confidentiality

§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

§31-15-29. Audits

§31-15-30. Projects Not to Be Considered Public Improvements

§31-15-31. Foreign Trade Zones; Authority Approval

§31-15-32. Severability

§31-15-33. Construction