WVC 29 - 18 - 18
§29-18-18. Railroad maintenance bonds lawful investments.
The provisions of sections nine and ten, article six,
chapter twelve of this code to the contrary notwithstanding, all
railroad maintenance revenue bonds issued pursuant to this
article shall be lawful investments for the West Virginia state
board of investments and shall also be lawful investments for
banking institutions, societies for savings, building and loan
associations, savings and loan associations, deposit guarantee
associations, trust companies, insurance companies, including
domestic for life and domestic not for life insurance companies.