West Virginia § 12-7-9 - 12-7-9. Applications for investment priority; investment package.
Full text of West Virginia West Virginia Code § 12-7-9 — 12-7-9. Applications for investment priority; investment package., with citation guidance and answers to common questions.
§ 12-7-9. 12-7-9. Applications for investment priority; investment package.
(a) The board shall accept and review applications from eligible businesses and shall determine the investment worthiness, the benefits to the West Virginia economy, the leverage potential for investments in small business investment companies, the jobs creation potential, and the economic circumstances of the region or regions of the state that would benefit from each proposal. The board shall attempt to balance its investments, as nearly as is practicable, among the geographic regions of the state.
(b) Any faculty or students of a public or private institution of higher education in the state may present for the board’s consideration proposals relating to innovative projects or investment opportunities.
(c) An annual audit shall be conducted by an independent firm of certified public accountants and shall be made available to the Legislature annually. A copy of the audit may be provided to the Legislature electronically and paper copies may be provided upon the request of any member.
(d) The board shall forward to the West Virginia Economic Development Authority for its review and information approved investment packages containing information as is necessary to permit the West Virginia Economic Development Authority to carry out its duties under this article. The board shall determine whether each applicant is an eligible business.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 12-7-9
What does West Virginia Code § 12-7-9 cover?
Section 12-7-9 ("12-7-9. Applications for investment priority; investment package.") is part of the West Virginia Code, the codified statutory law of West Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite West Virginia § 12-7-9?
A common citation format is "West Virginia Code § 12-7-9" (West Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of West Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the West Virginia official source linked on this page or consult a licensed West Virginia attorney.
How does West Virginia § 12-7-9 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in West Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in West Virginia.