WVC 31 - 18 - 15
§31-18-15. Limitation of rights vested in housing development
fund by state.
The state of West Virginia does hereby pledge to and agree
with the holders of any notes or bonds issued under this article,
that the state will not limit or alter the rights hereby vested in
the housing development fund to fulfill the terms of any agreements
made with the holders thereof, or in any way impair the rights and
remedies of such holders until such notes or bonds, together with
the interest thereon, with interest on any unpaid installments of
interest, and all costs and expenses for which the housing
development fund is liable in connection with any action or
proceeding by or on behalf of such holders, are fully met and
discharged. The housing development fund is hereby authorized to
include this pledge and agreement of the state in any agreement
with the holders of such notes and bonds.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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