§12-1A-7. Liability of state.
The state, the Treasurer, the Department of Commerce, the West
Virginia Development Office and the Small Business Development
Center and their employees are not liable to any eligible lending
institution in any manner for payment of the principal or interest
on the loan to an eligible small business. Any delay in payment or
default on the part of an eligible small business does not in any
manner affect the deposit agreement between the eligible lending
institution and the Treasurer.