CHAPTER 12. PUBLIC MONEYS AND SECURITIES.
ARTICLE 1A. WEST VIRGINIA SMALL BUSINESS LINKED DEPOSIT PROGRAM.
§12-1A-5. Acceptance or rejection of loan package; deposit agreement for linked deposits.
(a) The Treasurer may accept or reject a linked deposit loan request or any portion of a request based on the criteria prescribed by this article.
(b) Upon approving the linked deposit loan request, the Treasurer shall place a linked deposit with the lending institution.
(c) The eligible lending institution shall enter into a deposit agreement with the Treasurer in a form prescribed by the Treasurer and in compliance with the requirements of this article.
Note: WV Code updated with legislation passed through the
2020 Regular Session
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