No part of the funds of the veterans' mortgage fund shall inure to the benefit of or be distributable to the directors or officers of the Housing Development Fund or other private persons except that the Housing Development Fund shall be authorized and empowered to pay reasonable compensation for services rendered, and to make loans as previously specified in furtherance of its purposes under this article: Provided, That no such loans shall be made to and no property shall be purchased or leased from, or sold, leased or otherwise disposed of to any director or officer of the Housing Development Fund.
Structure West Virginia Code
Article 18C. Veterans' Mortgage Fund
§31-18C-2. Legislative Findings; Purpose and Intent of Article
§31-18C-4. Veterans' Mortgage Fund Created; Purpose
§31-18C-5. Money and Interests Included in the Veterans' Mortgage Fund
§31-18C-6. Veterans' Mortgage Bonds; Amount; Terms of Bonds; When May Issue
§31-18C-7. Pledge of Credit of State and Security for Bonds
§31-18C-8. Legality for Investment; Tax Exemption
§31-18C-9. Listing by Auditor; Agent for Registration
§31-18C-10. Veterans' Loan Payments Used to Pay Bonds and Interest; Investment of Remainder
§31-18C-11. Sale by Governor; Minimum Price
§31-18C-12. Auditor to Be Custodian of Unsold Bonds
§31-18C-13. Bond Counsel and Financial Advisor
§31-18C-14. Approval and Payment of All Necessary Expenses
§31-18C-16. Powers and Duties of Housing Development Fund Regarding Veterans' Mortgage Fund
§31-18C-17. Terms and Conditions of Loans From Veterans' Mortgage Fund