West Virginia Code 5D-1-10 – Use of funds by authority; restrictions
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All moneys, properties and assets acquired by the authority, bonds or as revenues or otherwise, shall be held by it in trust for the purposes of carrying out its powers and duties, and shall be used and reused in accordance with the purposes and provisions of this article. Such moneys shall at no time be commingled with other public funds.
Terms Used In West Virginia Code 5D-1-10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Authority: means the West Virginia public energy authority created in section four of this article, the duties, powers, responsibilities and functions of which are specified in this article. See West Virginia Code 5D-1-3