§5B-7-1. Definitions


Published: 2015

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WEST VIRGINIA CODE











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WVC 5 B- 7 - 1

§5B-7-1. Definitions.

Unless the context clearly indicates otherwise, as used in

this article:

(1) "Economic Development Authority" or "authority" means the

West Virginia Economic Development Authority as continued in

section five, article fifteen, chapter thirty-one of this code.

(2) "Recovery zone bonds" means recovery zone economic

development bonds and recovery zone facility bonds, authorized

under Section 1401 of Title I of Subtitle B of the American

Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, 123 Stat.

115 (2009), that may be issued by states, counties, certain

municipalities and other qualified issuers within each state before

January 1, 2011.

(3) "Recovery zone economic development bond" means the term

as defined in 26 U.S.C. §1400U-2.

(4) "Recovery zone facility bond" means the term as defined in

26 U.S.C. §1400U-3.

(5) "Volume cap" means the recovery zone bond volume

limitation allocated to each state and to counties and

municipalities within each state in accordance with 26 U.S.C.

§1400U-1.





Note: WV Code updated with legislation passed through the 2015 Regular Session

The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.