31-15A-1 Short title
31-15A-2 Definitions
31-15A-3 West Virginia Infrastructure and Jobs Development Council continued; members of council; staff of council
31-15A-4 Development of guidelines and preliminary application for funding assistance
31-15A-5 Requirements for project funding assistance; review of project preliminary applications by council
31-15A-6 Powers, duties and responsibilities of the council generally; comprehensive assessment
31-15A-7 Current and prospective planning; roads and highways; report to Division of Highways
31-15A-8 Exemption of certain emergency projects from certificate of public convenience and necessity requirements; review of certain emergency projects by Public Service Commission; and exemption for North Fork Hughes River watershed project
31-15A-9 Infrastructure fund; deposits in fund; disbursements to provide loans, loan guarantees, grants and other assistance; loans, loan guarantees, grants and other assistance shall be subject to assistance agreements; West Virginia Infrastructure Lottery Revenu
31-15A-10 Recommendations by council for expenditures of funds by loan, grant, or for engineering assistance
31-15A-11 Reservation of funds for projects and infrastructure projects
31-15A-12 Additional powers of water development authority
31-15A-13 Prohibition on funds inuring to the benefit of or being distributable to water development board; transactions between the water development board and officers having certain interests in such transactions
31-15A-15 Projects not to be considered public improvements; competitive bid requirements
31-15A-16 Dedication of severance tax proceeds
31-15A-17 Water development authority empowered to issue infrastructure revenue bonds and refunding bonds; creation of infrastructure revenue debt service fund; funding of infrastructure revenue debt service fund; requirements and manner of such issuance
31-15A-17a Infrastructure revenue bonds payable from A. James Manchin Fund
31-15A-17b Infrastructure lottery revenue bonds for watershed compliance projects
31-15A-18 Trustee for holders of infrastructure revenue bonds; contents of trust agreement
31-15A-19 Legal remedies of infrastructure revenue bondholders or noteholders and trustees
31-15A-20 Infrastructure revenue bonds lawful investments
31-15A-21 Purchase and cancellation of infrastructure revenue bonds
31-15A-22 Refunding revenue bonds
31-15A-23 Infrastructure revenue bonds not debt of state, county, municipality or any political subdivision
31-15A-24 Infrastructure revenue bonds exempt from taxation
31-15A-17c Critical Needs and Failing Systems Sub Account
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Terms Used In West Virginia Code > Chapter 31 > Article 15A - West Virginia Infrastructure and Jobs Development Council

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Ex officio: Literally, by virtue of one's office.
  • 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.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Quorum: The number of legislators that must be present to do business.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.