The Housing Development Fund, subject to such agreements with noteholders or bondholders as may then exist, shall have power, out of any funds available therefor, to purchase notes or bonds of the Housing Development Fund.
If the notes or bonds are then redeemable, the price of such purchase shall not exceed the redemption price then applicable plus accrued interest to the next interest payment date thereon. If the notes or bonds are not then redeemable, the price of such purchase shall not exceed the redemption price applicable on the first date after such purchase upon which the notes or bonds become subject to redemption plus accrued interest to such date. Upon such purchase such notes or bonds shall be canceled.
Structure West Virginia Code
Article 18. West Virginia Housing Development Fund
§31-18-2. Legislative Findings and Purpose
§31-18-5. Management and Control of Housing Development Fund Vested in Board; Officers; Liability
§31-18-6a. Certain Loans Exempt From Laws Limiting Interest Rates or Providing Forfeitures, etc.
§31-18-7. Notes or Bonds as General Obligations of Housing Development Fund
§31-18-8. Notes and Bonds as Negotiable Instruments
§31-18-10. Sale of Notes or Bonds
§31-18-11. Authorizing Resolutions
§31-18-12. Validity of Any Pledge, Mortgage, Deed of Trust or Security Instrument
§31-18-13. Redemption of Notes or Bonds
§31-18-14. Disclaimer of Any Liability of State of West Virginia
§31-18-15. Limitation of Rights Vested in Housing Development Fund by State
§31-18-16. Default in Payment of Principal or Interest
§31-18-17. Investment in Notes and Bonds
§31-18-19. Operating Loan Fund
§31-18-20. Authorized Limit on Borrowing
§31-18-20a. Land Development Fund
§31-18-20b. Mortgage Finance Bond Insurance Fund
§31-18-20c. Jobs Development Fund
§31-18-20d. Affordable Housing Fund
§31-18-22. Termination or Dissolution
§31-18-23. Services to the State of West Virginia and Its Political Subdivisions
§31-18-23a. Bond Issues Under the Federal Revenue Adjustments Act of 1980
§31-18-25. Severability Clause
§31-18-26. Projects Not to Be Deemed Public Improvements
§31-18-29. Dissolution of West Virginia Affordable Housing Trust Fund