West Virginia Statutes

§ 31-15A-13 — Prohibition on funds inuring to the benefit of or being distributable to water development board; transactions between the water development board and officers having certain interests in such transactions

West Virginia § 31-15A-13
JurisdictionWest Virginia
Ch. 31CORPORATIONS
Art. 15AWEST VIRGINIA INFRASTRUCTURE AND JOBS DEVELOPMENT COUNCIL

This text of West Virginia § 31-15A-13 (Prohibition on funds inuring to the benefit of or being distributable to water development board; transactions between the water development board and officers having certain interests in such transactions) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 31-15A-13 (2026).

Text

No part of the infrastructure fund or the West Virginia infrastructure revenue debt service fund shall inure to the benefit of or be distributable to the water development board directors or officers of the water development authority except that the water development authority is authorized and empowered to pay reasonable compensation, other than to members of the water development board, including the chairman, vice chairman, secretary-treasurer for services rendered and to make loans and exercise its other powers as previously specified in furtherance of its corporate purpose: Provided, That no loans shall be made, and no property shall be purchased or leased from, or sold, leased or otherwise disposed of, to any water development board member or officer of the water development authori

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Legislative History

1998 Reg. Sess., HB4447; 1998 Reg. Sess., HB5006

Nearby Sections

15
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Bluebook (online)
West Virginia § 31-15A-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31/31-15A-13.