West Virginia § 8-16-4b Additional special provision as to the use of space in motor vehicle parking facilities

West Virginia Statutes

§ 8-16-4b — Additional special provision as to the use of space in motor vehicle parking facilities

West Virginia·Ch. 8 MUNICIPAL CORPORATIONS·Art. 16 MUNICIPAL PUBLIC WORKS; REVENUE BOND FINANCING

For all purposes of this article, the power and authority of any municipality to lease, as lessor, space in a motor vehicle parking facility to any person for business, commercial or charitable use shall be deemed to include the power and authority to lease such space to the United States of America, the State of West Virginia, the county court of any county of the State of West Virginia, and any agency, board or commission of any thereof, and the revenues derived from such leases may be pledged as security for and expended in payment of revenue bonds of such municipality in like manner and to the same extent as other revenues from such motor vehicle parking facility.

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For all purposes of this article, the power and authority of any municipality to lease, as lessor, space in a motor vehicle parking facility to any person for business, commercial or charitable use shall be deemed to include the power and authority to lease such space to the United States of America, the State of West Virginia, the county court of any county of the State of West Virginia, and any agency, board or commission of any thereof, and the revenues derived from such leases may be pledged as security for and expended in payment of revenue bonds of such municipality in like manner and to the same extent as other revenues from such motor vehicle parking facility.

West Virginia § 8-16-4b (Additional special provision as to the use of space in motor vehicle parking facilities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.