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§ 12-1a-5 — West Virginia Law | CourtGPT
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  4. Chapter 12 - Public Moneys and Securities/
  5. Article 1a - West Virginia Small Business Linked Deposit Program§12-1a-1. Definitions/
  6. § 12-1a-5
West Virginia Legal Code

§ 12-1a-5

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(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.