W. Va. Code § 31-18B-5

Current through 2024 First Special Session

Section 31-18B-5 - Reversion to state board of investments of money not used for mortgages

Should the housing development fund or its agents fail to loan all or a portion of the funds made available pursuant to section two of this article within one year of the date those funds become a part of the state mortgage and industrial development investment pool, then that portion of the funds not invested shall revert to the exclusive control of the state board of investments and shall no longer be required to be available to the state mortgage and industrial development investment pool.