The notes and bonds of the Housing Development Fund are hereby made securities in which all insurance companies and associations, and other persons carrying on an insurance business, all banks, bankers, trust companies, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, and other persons, except administrators, guardians, executors, trustees and fiduciaries, who are now or who may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds including capital in their control or belonging to them.
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