WVC 29 - 18 - 15
§29-18-15. Investment of funds by authority.
Funds of the authority in excess of current needs, except as
otherwise provided in any resolution authorizing the issuance of
its railroad maintenance revenue bonds or in any trust agreement
securing the same, may be invested by the authority in any
security or securities in which the "West Virginia State Board of
Investments" is authorized to invest under sections nine and ten,
article six, chapter twelve of this code, except those securities
specified in subdivisions (f) and (g) of said section nine.
Income from all such investments of moneys in any fund shall be
credited to such funds as the authority determines, subject to
the provisions of any such resolution or trust agreement and such
investments may be sold at such times as the authority
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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