West Virginia § 7-19-1 - 7-19-1. Definitions.
Full text of West Virginia West Virginia Code § 7-19-1 — 7-19-1. Definitions., with citation guidance and answers to common questions.
§ 7-19-1. 7-19-1. Definitions.
(a) "Agent" means the county commission or, where created, the county economic development program or the county economic development agency.
(b) "Eligible lending institution" means a financial institution that is eligible to make commercial loans, is a public depository of county funds and agrees to participate in the linked deposit program.
(c) "Eligible small business" means any business which employs fifty or fewer employees or has gross annual receipts of $2 million or less.
(d) "Linked deposit" means a certificate of deposit placed by the agent with an eligible lending institution at up to and including five percent below current market rates, as determined and calculated by the agent, provided the institution agrees to lend the value of such deposit, according to the deposit agreement provided for by this article, to eligible small businesses at up to and including five percent below the present borrowing rate applicable to each specific business at the time of the deposit of county funds in the institution.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 7-19-1
What does West Virginia Code § 7-19-1 cover?
Section 7-19-1 ("7-19-1. Definitions.") 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 § 7-19-1?
A common citation format is "West Virginia Code § 7-19-1" (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 § 7-19-1 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.