West Virginia § 18-9D-4c School Building Authority authorized to temporarily finance projects through the issuance of loans, notes or other evidences of indebtedness

West Virginia Statutes

§ 18-9D-4c — School Building Authority authorized to temporarily finance projects through the issuance of loans, notes or other evidences of indebtedness

West Virginia § 18-9D-4c

Ch. 18EDUCATION

Art. 9DSCHOOL BUILDING AUTHORITY

This text of West Virginia § 18-9D-4c (School Building Authority authorized to temporarily finance projects through the issuance of loans, notes or other evidences of indebtedness) 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 § 18-9D-4c (2026).

Text

The School Building Authority may by resolution, in accordance with the provisions of this article, temporarily finance the cost of projects and other expenditures permitted under this article for public schools, including, but not limited to, comprehensive high schools and comprehensive middle schools as defined in this article, in this state through the issuance of loans, notes or other evidences of indebtedness: Provided, That the principal amount of loans, notes or other evidences of indebtedness outstanding at any one time shall not exceed $16 million: Provided, however, That the principal of, interest and premium, if any, on and fees associated with any such temporary financing shall be payable solely from the sources from which the principal of, interest and premium, if any, on bond

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The School Building Authority may by resolution, in accordance with the provisions of this article, temporarily finance the cost of projects and other expenditures permitted under this article for public schools, including, but not limited to, comprehensive high schools and comprehensive middle schools as defined in this article, in this state through the issuance of loans, notes or other evidences of indebtedness: Provided, That the principal amount of loans, notes or other evidences of indebtedness outstanding at any one time shall not exceed $16 million: Provided, however, That the principal of, interest and premium, if any, on and fees associated with any such temporary financing shall be payable solely from the sources from which the principal of, interest and premium, if any, on bonds is payable under this article or from the proceeds of bonds.