Current through Register Vol. XLI, No. 50, December 13, 2024
Section 44-4-3 - Definitions3.1. The Authority is the agency that coordinates the financing and closing for all infrastructure and economic development loans and provides financing for the design, construction, improvement and acquisition of water and wastewater facilities to Local Governmental Agencies. The Authority is also the administrative oversight agency for servicing loans and grants made from its revenue bond programs, the West Virginia Infrastructure Fund and the Drinking Water Treatment Revolving Fund. The Authority provides administrative oversight for the Clean Water Treatment Revolving Fund. The Authority receives no appropriations from the State and is not subject to the State's procurement process. However, for sound financial management and oversight purposes an annual administrative budget is presented to, and approved by, the Board.