WVC 31 - 15 B- 7
§31-15B-7. Prohibition on funds inuring to the benefit of or being
distributable to directors or officers; transactions between the council and West Virginia water development authority and directors or officers having certain interests in such transactions.
No part of the infrastructure fund shall inure to the benefit
of or be distributable to the commissioners of the public service
commission, the council, or the West Virginia water development
authority's directors or officers. The council may approve and the
water development authority make loans and exercise other powers as
previously specified in furtherance of their corporate purpose:
That no loans shall be made, nor shall any property be
purchased or leased from, or sold, leased or otherwise disposed of,
to any commissioner, director or officer of the council, the public
service commission or the West Virginia water development
Note: WV Code updated with legislation passed through the 2016 Regular Session
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