West Virginia § 31-15A-23 Infrastructure revenue bonds not debt of state, county, municipality or any political subdivision

West Virginia Statutes

§ 31-15A-23 — Infrastructure revenue bonds not debt of state, county, municipality or any political subdivision

West Virginia § 31-15A-23

Ch. 31CORPORATIONS

Art. 15AWEST VIRGINIA INFRASTRUCTURE AND JOBS DEVELOPMENT COUNCIL

This text of West Virginia § 31-15A-23 (Infrastructure revenue bonds not debt of state, county, municipality or any political subdivision) 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 § 31-15A-23 (2026).

Text

Infrastructure revenue bonds issued pursuant to the provisions of this article shall not constitute a debt or a pledge of the faith and credit or taxing power of this state or of any county, municipality or any other political subdivision of this state. The holders or owners thereof shall have no right to have taxes levied by the Legislature or the taxing authority of any county, municipality or any other political subdivision of this state for the payment of the principal thereof or interest thereon. The bonds shall be payable solely from the revenues and funds pledged for their payment as authorized by this article. All such bonds shall contain on the face thereof a statement to the effect that the bonds, as to both principal and interest, are not debts of the state or any county, munici

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Infrastructure revenue bonds issued pursuant to the provisions of this article shall not constitute a debt or a pledge of the faith and credit or taxing power of this state or of any county, municipality or any other political subdivision of this state. The holders or owners thereof shall have no right to have taxes levied by the Legislature or the taxing authority of any county, municipality or any other political subdivision of this state for the payment of the principal thereof or interest thereon. The bonds shall be payable solely from the revenues and funds pledged for their payment as authorized by this article. All such bonds shall contain on the face thereof a statement to the effect that the bonds, as to both principal and interest, are not debts of the state or any county, municipality or political subdivision thereof, but are payable solely from revenues and funds pledged for their payment.

Legislative History

1998 Reg. Sess., HB4447

Nearby Sections

15

§ 31-1-1

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Legislative History

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