West Virginia § 7-11B-11 Costs of formation of development or redevelopment district

West Virginia Statutes

§ 7-11B-11 — Costs of formation of development or redevelopment district

West Virginia·Ch. 7 COUNTY COMMISSIONS AND OFFICERS·Art. 11B WEST VIRGINIA TAX INCREMENT FINANCING ACT

(a)The county commission, or the governing body of a municipality, may pay, but shall have no obligation to pay, the costs of preparing the project plan or forming the development or redevelopment district created by them.

(b)If the county commission, or the governing body of the municipality, elects not to incur those costs, they shall be made project costs of the district and reimbursed from bond proceeds or other financing or may be paid by developers, property owners or other persons interested in the success of the development or redevelopment project.

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(a) The county commission, or the governing body of a municipality, may pay, but shall have no obligation to pay, the costs of preparing the project plan or forming the development or redevelopment district created by them.

(b) If the county commission, or the governing body of the municipality, elects not to incur those costs, they shall be made project costs of the district and reimbursed from bond proceeds or other financing or may be paid by developers, property owners or other persons interested in the success of the development or redevelopment project.

West Virginia § 7-11B-11 (Costs of formation of development or redevelopment district) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.