No part of the infrastructure fund or the West Virginia infrastructure revenue debt service fund shall inure to the benefit of or be distributable to the water development board directors or officers of the water development authority except that the water development authority is authorized and empowered to pay reasonable compensation, other than to members of the water development board, including the chairman, vice chairman, secretary-treasurer for services rendered and to make loans and exercise its other powers as previously specified in furtherance of its corporate purpose: Provided, That no loans shall be made, and no property shall be purchased or leased from, or sold, leased or otherwise disposed of, to any water development board member or officer of the water development authority.
Structure West Virginia Code
Article 15A. West Virginia Infrastructure and Jobs Development Council
§31-15A-4. Development of Guidelines and Preliminary Application for Funding Assistance
§31-15A-6. Powers, Duties and Responsibilities of the Council Generally; Comprehensive Assessment
§31-15A-7. Current and Prospective Planning; Roads and Highways; Report to Division of Highways
§31-15A-11. Reservation of Funds for Projects and Infrastructure Projects
§31-15A-12. Additional Powers of Water Development Authority
§31-15A-14. Termination or Dissolution
§31-15A-15. Projects Not to Be Considered Public Improvements; Competitive Bid Requirements
§31-15A-16. Dedication of Severance Tax Proceeds
§31-15A-17a. Infrastructure Revenue Bonds Payable From A. James Manchin Fund
§31-15A-17b. Infrastructure Lottery Revenue Bonds for Watershed Compliance Projects
§31-15A-17c. Critical Needs and Failing Systems Sub Account
§31-15A-18. Trustee for Holders of Infrastructure Revenue Bonds; Contents of Trust Agreement
§31-15A-19. Legal Remedies of Infrastructure Revenue Bondholders or Noteholders and Trustees
§31-15A-20. Infrastructure Revenue Bonds Lawful Investments
§31-15A-21. Purchase and Cancellation of Infrastructure Revenue Bonds
§31-15A-22. Refunding Revenue Bonds
§31-15A-24. Infrastructure Revenue Bonds Exempt From Taxation