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Current as of January 01, 2020 | Updated by FindLaw Staff
Eighty percent of the funds deposited in the West Virginia infrastructure fund shall be dedicated for the purpose of providing funding for the cost of projects as defined in subsection (n), section two of this article. Twenty percent of the funds deposited in the West Virginia infrastructure fund shall be dedicated for the purpose of providing funding for costs of infrastructure projects as defined in subsection (l), section two of this article. Project sponsors of infrastructure projects shall follow the application process as established by this article: Provided, That notwithstanding any provision of this article to the contrary, all applications for any infrastructure project shall be submitted to the executive director of the West Virginia development office for review, recommendation and approval regarding infrastructure project funding.
Cite this article: FindLaw.com - West Virginia Code Chapter 31. Corporations § 31-15A-11. Reservation of funds for projects and infrastructure projects - last updated January 01, 2020 | https://codes.findlaw.com/wv/chapter-31-corporations/wv-code-sect-31-15a-11.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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