The state of West Virginia does hereby pledge to and agree with the holders of any notes or bonds issued under this article, that the state will not limit or alter the rights hereby vested in the Housing Development Fund to fulfill the terms of any agreements made with the holders thereof, or in any way impair the rights and remedies of such holders until such notes or bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses for which the Housing Development Fund is liable in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. The Housing Development Fund is hereby authorized to include this pledge and agreement of the state in any agreement with the holders of such notes and bonds.
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