In the event a majority of the governmental bodies contributing funds or property to a commission shall so direct in writing and if all indebtedness of said commission has been paid in full, the commission shall sell all or any part of its properties and assets so directed and distribute the proceeds thereof among the governmental bodies creating and establishing it in direct proportion to their contributions of funds or property to the commission.
Structure West Virginia Code
Chapter 8. Municipal Corporations
Article 33. Intergovernmental Relations -- Building Commissions
§8-33-2. Commissions Are Public Corporations
§8-33-4a. Issuance of Pension Funding Revenue Bonds to Fund a Pension Funding Program
§8-33-4b. Approval of Municipal Pension Oversight Board of Certain Pension Funding Revenue Bonds
§8-33-5. Indebtedness of Commission
§8-33-6. Disposition of Surplus of Commission
§8-33-7. Property, Bonds and Obligations of Commissions Exempt From Taxation
§8-33-8. Contributions to Commissions; Funds and Accounts of Commissions; Reports; Audits
§8-33-9. Authority to Convey or Transfer Property to Commission
§8-33-10. Sale of Property by Commission