West Virginia § 16-1B-3 Issuance of bonds by the hospital finance authority; payment of bonds from net profits of the veterans lottery instant scratch-off game

West Virginia Statutes

§ 16-1B-3 — Issuance of bonds by the hospital finance authority; payment of bonds from net profits of the veterans lottery instant scratch-off game

West Virginia § 16-1B-3

Ch. 16PUBLIC HEALTH

Art. 1BSKILLED NURSING FACILITIES FOR VETERANS OF THE UNITED STATES ARMED FORCES

This text of West Virginia § 16-1B-3 (Issuance of bonds by the hospital finance authority; payment of bonds from net profits of the veterans lottery instant scratch-off game) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 16-1B-3 (2026).

Text

The director shall request that revenue bonds, not exceeding the principal amount of $10 million, be issued by the West Virginia hospital finance authority under provisions of section seven, article twenty-nine-a of this chapter. Net profit from the veterans lottery instant scratch-off game as authorized by section nine-a, article twenty-two, chapter twenty-nine of this code and other revenues that the Legislature may from time to time appropriate shall pay the principal and interest obligations of the bonds and the architectural and other project costs associated with the construction, reconstruction, renovation and maintenance of one or more skilled nursing facilities that will only serve the skilled nursing needs of West Virginia veterans who have performed active duty in an active comp

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The director shall request that revenue bonds, not exceeding the principal amount of $10 million, be issued by the West Virginia hospital finance authority under provisions of section seven, article twenty-nine-a of this chapter. Net profit from the veterans lottery instant scratch-off game as authorized by section nine-a, article twenty-two, chapter twenty-nine of this code and other revenues that the Legislature may from time to time appropriate shall pay the principal and interest obligations of the bonds and the architectural and other project costs associated with the construction, reconstruction, renovation and maintenance of one or more skilled nursing facilities that will only serve the skilled nursing needs of West Virginia veterans who have performed active duty in an active component of the Armed Forces or performed active service in a reserve component of the Armed Forces.