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2005 West Virginia Code - CHAPTER 13. — PUBLIC BONDED INDEBTEDNESS
- CHAPTER 13. — PUBLIC BONDED INDEBTEDNESS.
- ARTICLE 1. — BOND ISSUES FOR ORIGINAL INDEBTEDNESS.
- §13-1-1. — Political divisions authorized to issue and sell bonds.
- §13-1-1a. — Exemption from interest rate ceilings.
- §13-1-2. — Purposes for which bonds may be issued.
- §13-1-3. — Amount and purpose of indebtedness for which bonds may be issued.
- §13-1-4. — Bond issue proposal to be submitted to voters; election order.
- §13-1-5. — Engineer's estimate.
- §13-1-6. — Bonds may be specified for more than one purpose; single or general purpose defined.
- §13-1-6a. — When proceeds of bond issue specified for one project may be used for another project.
- §13-1-7. — When election to be held.
- §13-1-8. — Publication of notice of election.
- §13-1-9. — Registration of voters.
- §13-1-10. — Election precincts.
- §13-1-11. — General election laws to apply; recorders and secretaries to act in lieu of circuit clerks.
- §13-1-12. — Form of ballot.
- §13-1-13. — Time and manner of canvassing returns.
- §13-1-14. — Resolution authorizing issuance and fixing terms of bonds.
- §13-1-15. — Bonds to be payable in annual installments.
- §13-1-15a. — Bonds may be subject to redemption.
- §13-1-16. — Recital of certification that bonds are issued in conformity with constitution and statutes; effect thereof with attorney general's indorsement.
- §13-1-17. — Bonds may be registered; coupon bonds may be registered as to principal.
- §13-1-18. — Registration of coupon bonds as to interest; exchange of registered bond for coupon bond.
- §13-1-19. — Signing, sealing and delivery of bonds and coupons.
- §13-1-20. — Imposition and collection of tax to pay bonds and interest.
- §13-1-21. — Advertisement and sale of bonds.
- §13-1-22. — Purposes for which proceeds to be used; purchaser need not see to application thereof.
- §13-1-23. — No law, order, ordinance, resolution, proceeding or publication necessary except as prescribed by this article.
- §13-1-24. — Legal status of bonds.
- §13-1-25. — Copy of proceedings to be transmitted to attorney general for approval or disapproval; publication of approval or disapproval.
- §13-1-26. — Review in supreme court of appeals of action of attorney general.
- §13-1-27. — Bond issue and tax to pay bonds to be incontestable upon failure to file petition for review or dismissal thereof.
- §13-1-28. — Indorsement on bonds by attorney general.
- §13-1-29. — Costs of proceedings and expenses of attorney general to be paid out of proceeds of bonds or general fund.
- §13-1-30. — Files and records to be kept by attorney general.
- §13-1-31. — Proceedings to issue bonds under authority of prior statutes; debts heretofore incurred.
- §13-1-32. — Amount of indebtedness authorized by §13-1-3 may be increased by special act as to municipalities and independent school districts; bonds for assessments against abutting property excepted from this article.
- §13-1-33. — Bonds exempt from taxation.
- §13-1-34. — Bonded indebtedness of school districts; annual tax to be levied and collected to pay same; definition of value.
- §13-1-35. — Bonded indebtedness of counties, magisterial districts and municipal corporations; levy and collection of taxes to pay same.
- ARTICLE 2. — REFUNDING BONDS.
- §13-2-1. — What political divisions may issue refunding bonds; when issued.
- §13-2-2. — Terms of refunding bonds; time, place and amount of payments.
- §13-2-3. — Certain provisions of article one to apply to refunding bonds.
- §13-2-4. — Disposition of bonds; cancellation of original bonds.
- §13-2-5. — Article sufficient authority for issuing refunding bonds.
- §13-2-6. — Issuance without election or notice.
- §13-2-7. — Invalidity of part of article not to affect other parts.
- §13-2-8. — Bonds exempt from taxation.
- §13-2-9. — Funding of orders, drafts or warrants by county courts and boards of education at rate lower than six percent.
- ARTICLE 2A. — REVENUE BOND REFINANCING
- §13-2A-1. — How article cited.
- §13-2A-2. — Definitions.
- §13-2A-3. — Purpose of refunding bonds.
- §13-2A-4. — Issuance authorized by resolution of governing body.
- §13-2A-5. — Form of bonds; interest rates; negotiability.
- §13-2A-6. — Validity.
- §13-2A-7. — Sale or exchange; deposit and investment of proceeds.
- §13-2A-8. — Security for payment; prior issues not impaired.
- §13-2A-9. — Payable solely from revenues of enterprise.
- §13-2A-10. — Exemption from taxation.
- §13-2A-11. — Fiscal agent.
- §13-2A-12. — Duties of public body and officers as to bonds and rights of bondholders.
- §13-2A-13. — Provisions in resolution authorizing bonds.
- §13-2A-14. — Receivership upon default; termination.
- §13-2A-15. — Suits by bondholders.
- §13-2A-16. — Article complete authority for refunding bonds; liberal construction.
- ARTICLE 2B. — VALIDATION.
- §13-2B-1. — How article cited.
- §13-2B-2. — Definitions.
- §13-2B-3. — Prior bond issues validated.
- §13-2B-4. — Prior proceedings for pending bond issues validated.
- ARTICLE 2C. — INDUSTRIAL DEVELOPMENT AND COMMERCIAL DEVELOPMENT BOND ACT.
- §13-2C-1. — Short title.
- §13-2C-2. — Legislative findings.
- §13-2C-3. — Definitions.
- §13-2C-3a. — Continuation of industrial revenue bond allocation review committee; appointment, terms of members; voting; expenses; duties.
- §13-2C-4. — Powers conferred on counties and municipalities.
- §13-2C-5. — Location of industrial projects or commercial projects.
- §13-2C-6. — Joint establishment by two or more governmental bodies.
- §13-2C-7. — Bonds issued to finance industrial project or commercial project.
- §13-2C-8. — Security for bonds.
- §13-2C-9. — Requirements respecting lease, sale or financing of an industrial project or commercial project.
- §13-2C-10. — Redemption of bonds.
- §13-2C-11. — Refunding bonds.
- §13-2C-12. — Use of proceeds from sale of bonds.
- §13-2C-13. — No contribution by county or municipality.
- §13-2C-14. — Bonds made legal investments.
- §13-2C-15. — Exemption from taxation.
- §13-2C-16. — Construction of article.
- §13-2C-17. — No notice, consent or publication required.
- §13-2C-18. — Severability.
- §13-2C-19. — Public officials exempt from personal liability.
- §13-2C-20. — Prohibition of financial interest of public officials.
- §13-2C-21. — Ceiling on issuance of private activity bonds; establishing procedure for allocation and disbursements; reservation of funds; limitations; unused allocation; expirations and carryovers.
- ARTICLE 2D. — AIRPORT DEVELOPMENT BOND ACT.
- §13-2D-1. — Short title.
- §13-2D-2. — Legislative finding.
- §13-2D-3. — Definitions.
- §13-2D-4. — Powers conferred on counties.
- §13-2D-5. — Bonds issued to finance airport.
- §13-2D-6. — Security for bonds.
- §13-2D-7. — Redemption of bonds.
- §13-2D-8. — Refunding bonds.
- §13-2D-9. — Use of proceeds from sale of bonds.
- §13-2D-10. — No contribution by county.
- §13-2D-11. — Bonds made legal investments.
- §13-2D-12. — Exemption from taxation.
- §13-2D-13. — County court may lease appurtenances and facilities.
- §13-2D-14. — Construction of article.
- §13-2D-15. — No notice, consent or publication required.
- §13-2D-16. — Severability.
- §13-2D-17. — Public officials exempt from personal liability.
- §13-2D-18. — Prohibition of financial interest of public officials.
- ARTICLE 2E. — REVENUE BOND REFUNDING ACT.
- §13-2E-1. — How article cited.
- §13-2E-2. — Definitions.
- §13-2E-3. — Authority to refund.
- §13-2E-4. — Terms, form and execution of refunding bonds.
- §13-2E-5. — Issuance of refunding bonds; application of proceeds.
- §13-2E-6. — Determination of governing body to be conclusive.
- §13-2E-7. — Authorization for issuance.
- §13-2E-8. — Authority for escrow agreement.
- §13-2E-9. — Call of revenue bonds for redemption.
- §13-2E-10. — Security provisions.
- §13-2E-11. — Bonds payable solely from revenues of enterprise.
- §13-2E-12. — Tax exemption; exceptions.
- §13-2E-13. — Validity of bonds.
- §13-2E-14. — Article complete authority for refunding bonds; effect on other laws; liberal construction.
- §13-2E-15. — Severability.
- ARTICLE 2F. — PUBLIC OBLIGATIONS REGISTRATION ACT.
- §13-2F-1. — How article cited.
- §13-2F-2. — Purposes; article governs over charter provisions.
- §13-2F-3. — Definitions.
- §13-2F-4. — Authority to issue public obligations in registered and book entry forms.
- §13-2F-5. — Powers of official registrar; designee.
- §13-2F-6. — Confidentiality.
- §13-2F-7. — Application to public obligations approved by voters.
- ARTICLE 2G. — STATE REFUNDING BOND ACT.
- §13-2G-1. — Short title.
- §13-2G-2. — Definitions.
- §13-2G-3. — Issuance of refunding bonds.
- §13-2G-4. — Security for refunding bonds.
- §13-2G-5. — Principal amount, use of sinking and reserve funds.
- §13-2G-6. — Terms of refunding bonds; time, place and amount of payments.
- §13-2G-7. — Sale of refunding bonds at above or below par value.
- §13-2G-8. — Swap agreements.
- §13-2G-9. — Certain provisions of the code or act of Legislature to apply to refunding bonds.
- §13-2G-10. — Provision for payment of the bonds to be refunded.
- §13-2G-11. — Bonds previously issued by the board of regents.
- §13-2G-12. — Article sufficient authority for issuing refunding bonds.
- §13-2G-13. — Issuance without election or creation of a new debt.
- §13-2G-14. — Bonds exempt from taxation.
- ARTICLE 3. — MUNICIPAL BOND COMMISSION.
- §13-3-1. — Commission continued.
- §13-3-2. — Composition of commission; terms of appointment; vacancies; removal from office.
- §13-3-3. — Officers; employees; chief administrative officer; meetings; quorum; compensation and expenses; legal representation.
- §13-3-4. — Executive committee; powers and duties.
- §13-3-5. — Officer and employee bonds.
- §13-3-5a. — Costs and expenses; fees for services.
- §13-3-6. — Powers and duties of commission.
- §13-3-7. — Permissible investments; limitations and prohibitions on purchase, sale or exchange of securities; public records; combining funds and proration of interest; custody of securities.
- §13-3-7a. — Escrowing bond issues.
- §13-3-8. — Notification by issuer of bond sale.
- §13-3-9. — Collection, deposit and accounting funds; insufficient deposit; withdrawal of additional funds.
- §13-3-10. — Accounts of bond issues; annual statements, canceled bonds and coupons.
- §13-3-11. — Statement by commission to political subdivision showing levy required; determination of levy.
- §13-3-12. — Destruction of canceled bonds and coupons.
- §13-3-13. — Substitute paying agents.
- §13-3-14. — Authorizing the transfer and investment of funds raised by levy, sale of bonds or otherwise.
- §13-3-15. — Reports of commission.
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