West Virginia Code 31-15-28 – Agreement with federal agencies not to alter or limit powers of authority
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The state hereby pledges to and agrees with each federal agency that, if such agency constructs or loans or contributes any funds for any project, the state will not alter or limit the rights and powers of the authority in any manner which would be inconsistent with the due performance of any agreement between the authority and such federal agency and that the authority shall continue to have and exercise all powers granted for carrying out the purposes of this article for so long as necessary.
Terms Used In West Virginia Code 31-15-28
- Authority: means the West Virginia economic development authority. See West Virginia Code 31-15-4
- Federal agency: means the United States of America and any department, corporation, agency or instrumentality created, designated or established by the United States of America. See West Virginia Code 31-15-4
- Project: means a commercial or industrial undertaking and all of the assets reasonably and necessarily required therefor, all as determined by the authority, which determination shall be conclusive, and shall include, without limiting the generality of the foregoing, industrial projects and commercial projects as presently defined in section three, article two-c, chapter thirteen. See West Virginia Code 31-15-4
- 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