W. Va. Code § 31-18A-8

Current through 2024 First Special Session

Section 31-18A-8 - Prohibition on funds inuring to the benefit of or being distributable to the directors or officers

No part of the funds of the energy conservation revolving loan fund shall inure to the benefit of or be distributable to the directors or officers of the housing development fund except that the housing development fund shall be authorized and empowered to pay reasonable compensation for services rendered and to make loans as previously specified in furtherance of its purposes under this article.