West Virginia § 13-1-6a When proceeds of bond issue specified for one project may be used for another project

West Virginia Statutes

§ 13-1-6a — When proceeds of bond issue specified for one project may be used for another project

West Virginia·Ch. 13 PUBLIC BONDED INDEBTEDNESS·Art. 1 BOND ISSUES FOR ORIGINAL INDEBTEDNESS

If the order or ordinance submitting the proposition of issuing bonds to a vote specifies several projects within the same general purpose and the amount of the proceeds of such issue to be used for each project and for any reason one or more of said projects cannot be constructed, carried out, or completed, the amount of money specified for such projects and any sums remaining unused upon completion of any one of the specified projects may be allocated by the governing body in its discretion to and expended for any one or more of the remaining projects specified in said order or ordinance if said order or ordinance of submission shall contain a provision authorizing it to do so.

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If the order or ordinance submitting the proposition of issuing bonds to a vote specifies several projects within the same general purpose and the amount of the proceeds of such issue to be used for each project and for any reason one or more of said projects cannot be constructed, carried out, or completed, the amount of money specified for such projects and any sums remaining unused upon completion of any one of the specified projects may be allocated by the governing body in its discretion to and expended for any one or more of the remaining projects specified in said order or ordinance if said order or ordinance of submission shall contain a provision authorizing it to do so.

West Virginia § 13-1-6a (When proceeds of bond issue specified for one project may be used for another project) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.