West Virginia § 17-16A-2 Parkway revenue bonds and revenue refunding bonds not debt of state or political subdivisions; statement on bonds

West Virginia Statutes

§ 17-16A-2 — Parkway revenue bonds and revenue refunding bonds not debt of state or political subdivisions; statement on bonds

West Virginia § 17-16A-2

Ch. 17ROADS AND HIGHWAYS

Art. 16AWEST VIRGINIA PARKWAYS AUTHORITY

This text of West Virginia § 17-16A-2 (Parkway revenue bonds and revenue refunding bonds not debt of state or political subdivisions; statement on bonds) 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 § 17-16A-2 (2026).

Text

Parkway revenue bonds and revenue refunding bonds issued under the provisions of this article shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision, but such bonds shall be payable solely from the funds herein provided therefor from revenues. All such parkway revenue bonds and revenue refunding bonds shall contain on the face thereof a statement to the effect that neither the state nor any political subdivision thereof shall be obligated to pay the same or the interest thereon except from revenues of the project or projects for which they are issued and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledge

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Parkway revenue bonds and revenue refunding bonds issued under the provisions of this article shall not be deemed to constitute a debt of the state or of any political subdivision thereof or a pledge of the faith and credit of the state or of any such political subdivision, but such bonds shall be payable solely from the funds herein provided therefor from revenues. All such parkway revenue bonds and revenue refunding bonds shall contain on the face thereof a statement to the effect that neither the state nor any political subdivision thereof shall be obligated to pay the same or the interest thereon except from revenues of the project or projects for which they are issued and that neither the faith and credit nor the taxing power of the state or any political subdivision thereof is pledged to the payment of the principal of or the interest on such bonds.