Moneys invested as permitted by section eleven of this article are subject to the restrictions and conditions contained in this section:
(1) At no time may more than seventy-five percent of the portfolio of either fund be invested in securities described in subdivision (7), section eleven of this article;
(2) At no time may more than twenty percent of the portfolio of either fund be invested in securities described in subdivision (7), section eleven of this article which mature within one year from the date of issuance thereof;
(3) At no time may more than nine percent of the portfolio be invested in securities issued by a single private corporation or association; and
(4) At no time may more than sixty percent of the portfolio be invested in equity mutual funds under subdivision (10), section eleven of this article.
Structure West Virginia Code
Chapter 8. Municipal Corporations
Article 13. Taxation and Finance
§8-13-1. General Property and Benefit Taxes
§8-13-2. Correcting Erroneous Tax Levy
§8-13-4. Municipal License and Tax Thereon When State License Required
§8-13-5a. Public Utilities Tax
§8-13-7. Tax on Purchases of Intoxicating Liquors in Municipalities; Private Club Fees
§8-13-8. License Tax on Horse Racing and Dog Racing
§8-13-9. Motor Vehicle Operator's Tax
§8-13-11. Preservation of Prior Taxing Powers of Cities
§8-13-13. Special Charges for Municipal Services
§8-13-15. Collection of Municipal Taxes, Fines and Assessments
§8-13-15a. Providing for Payment at Banking Institutions
§8-13-16. Remedies for Failure to Collect, Account for or Pay Over Moneys
§8-13-17. Reports, etc., to Conform to Fiscal Year
§8-13-19. Capital Reserve Fund
§8-13-19a. Special Account for Federal and State Grants-in-Aid Authorized
§8-13-21. Disposition of Funds for Public Works When Materials, etc., Not Available
§8-13-22a. Investment of Municipal Funds
§8-13-22c. Restrictions on Investment
§8-13-23. Preparation, Publication and Disposition of Financial Statements
§8-13-24. Notice of Delinquency
§8-13-25. Delinquent List Preparation
§8-13-26. Publication and Posting of Delinquent Tax List; Costs
§8-13-27. Notice of Delinquent Lists to City Council and Retention of List by City