West Virginia § 31-15A-24 Infrastructure revenue bonds exempt from taxation

West Virginia Statutes

§ 31-15A-24 — Infrastructure revenue bonds exempt from taxation

West Virginia § 31-15A-24

Ch. 31CORPORATIONS

Art. 15AWEST VIRGINIA INFRASTRUCTURE AND JOBS DEVELOPMENT COUNCIL

This text of West Virginia § 31-15A-24 (Infrastructure revenue bonds exempt from taxation) 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-24 (2026).

Text

The exercise of the powers granted to the water development authority by this article will be in all respects for the benefit of the people of the state, for the improvement of their health, safety, convenience and welfare and for the enhancement of their residential, agricultural, recreational, economic, commercial and industrial opportunities and is for a public purpose. As the construction, acquisition, repair or renovation of projects or infrastructure projects will constitute the performance of essential governmental functions, the water development authority shall not be required to pay any taxes or assessments upon any project or upon any property acquired or used by the water development authority or upon the income therefrom. The infrastructure revenue bonds and all interest and i

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The exercise of the powers granted to the water development authority by this article will be in all respects for the benefit of the people of the state, for the improvement of their health, safety, convenience and welfare and for the enhancement of their residential, agricultural, recreational, economic, commercial and industrial opportunities and is for a public purpose. As the construction, acquisition, repair or renovation of projects or infrastructure projects will constitute the performance of essential governmental functions, the water development authority shall not be required to pay any taxes or assessments upon any project or upon any property acquired or used by the water development authority or upon the income therefrom. The infrastructure revenue bonds and all interest and income thereon shall be exempt from all taxation by this state, or any county, municipality, political subdivision or agency thereof, except estate taxes.

Legislative History

1998 Reg. Sess., HB4447

Nearby Sections

15

§ 31-1-1

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Legislative History

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