The aggregate principal amount of bonds and notes issued by the Housing Development Fund shall not exceed $1,250,000,000 outstanding at any one time: Provided, That in computing the total amount of bonds and notes which may at any one time be outstanding, the principal amount of any outstanding bonds or notes refunded or to be refunded either by application of the proceeds of the sale of any refunding bonds or notes of the Housing Development Fund or by exchange for any such refunding bonds or notes, shall be excluded.
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