13-3-1 Commission continued
13-3-2 Composition of commission; terms of appointment; vacancies; removal from office
13-3-3 Officers; employees; chief administrative officer; meetings; quorum; compensation and expenses; legal representation
13-3-4 Executive committee; powers and duties
13-3-5 Officer and employee bonds
13-3-5a Costs and expenses; fees for services
13-3-6 Powers and duties of commission
13-3-7 Permissible investments; limitations and prohibitions on purchase, sale or exchange of securities; public records; combining funds and proration of interest; custody of securities
13-3-7a Escrowing bond issues
13-3-8 Notification by issuer of bond sale
13-3-9 Collection, deposit and accounting funds; insufficient deposit; withdrawal of additional funds
13-3-10 Accounts of bond issues; annual statements, canceled bonds and coupons
13-3-11 Statement by commission to political subdivision showing levy required; determination of levy
13-3-12 Destruction of canceled bonds and coupons
13-3-13 Substitute paying agents
13-3-14 Authorizing the transfer and investment of funds raised by levy, sale of bonds or otherwise
13-3-15 Reports of commission
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Terms Used In West Virginia Code > Chapter 13 > Article 3 - Municipal Bond Commission

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.