WEST VIRGINIA CODE
WVC 13 - 1 - 1 A
§13-1-1a. Exemption from interest rate ceilings.
Notwithstanding any other provision in this code to the
contrary, any municipality, county or state agency shall be free of
interest rate restrictions when obtaining loans from the farmers
home administration, housing and urban development and the economic
development authority where such loans are made from federal moneys
and are made for public projects. It is the intention of the
Legislature that the political subdivisions of this state take
maximum possible advantage of federal programs and financing
alternatives where such would be in the best interests of this
state.
Note: WV Code updated with legislation passed through the 2012 1st Special Session
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