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Decades-old fund freed up for West Virginia flood recovery


(AP) --Nearly two years after floods in West Virginia killed around two dozen people ... to spend both the $1 million principal and interest from a fund created during a real estate trade with CSX Corp., the former owner of the Greenbrier resort.


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WHITE SULPHUR SPRINGS, W.Va(AP) -- Nearly two years after floods in West Virginia killed around two dozen people, a new state law will free $1 million from a fund created in the 1980s to assist with flood recovery. The Charleston Gazette-Mail reports the new law allows the city of White Sulphur Springs to spend both the $1 million principal and interest from a fund created during a real estate trade with CSX Corp., the former owner of the Greenbrier resort. Mayor Bruce Bowling says state code only allowed the city to use interest from the account and not the principal. SenStephen Baldwin says the city has had trouble receiving Federal Emergency Management Agency reimbursementsThe funds will be used to repair roads, bridges, sewers and other projects. ___ Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.(

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