West Virginia § 4-11A-6 Creation of Tobacco Settlement Finance Authority

West Virginia Statutes

§ 4-11A-6 — Creation of Tobacco Settlement Finance Authority

West Virginia § 4-11A-6

Ch. 4THE LEGISLATURE

Art. 11ALEGISLATIVE APPROPRIATION OF TOBACCO SETTLEMENT FUNDS

This text of West Virginia § 4-11A-6 (Creation of Tobacco Settlement Finance Authority) 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 § 4-11A-6 (2026).

Text

(a)The Tobacco Settlement Finance Authority is hereby created and constitutes a body corporate and politic, constituting a public corporation and government instrumentality of the state and the exercise of its powers pursuant to this article is an essential governmental function.

(b)The authority shall not create any obligation of this state or any political subdivision of this state within the meaning of any Constitutional or statutory debt limitation.

(c)The authority shall not pledge the credit or taxing power of the state or any political subdivision of this state, or make its debts payable out of any moneys except those of the authority specifically pledged for their payment.

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(a) The Tobacco Settlement Finance Authority is hereby created and constitutes a body corporate and politic, constituting a public corporation and government instrumentality of the state and the exercise of its powers pursuant to this article is an essential governmental function.

(b) The authority shall not create any obligation of this state or any political subdivision of this state within the meaning of any Constitutional or statutory debt limitation.

(c) The authority shall not pledge the credit or taxing power of the state or any political subdivision of this state, or make its debts payable out of any moneys except those of the authority specifically pledged for their payment.