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2021 West Virginia Code
Chapter 17. Roads and Highways
Article 26A. Roads to Prosperity State Road Bonds
§17-26A-4. Roads to Prosperity Bond Debt Service Fund; Sources Used to Pay Bonds, Interest and Cost of Issuance; Investment of Remainder
Universal Citation: WV Code § 17-26A-4 (2021)
(a) All funds deposited to the credit of the Roads to Prosperity Bond Debt Service Fund shall be kept by the State Treasurer in a separate account, and all money belonging to the fund shall be deposited in the Treasury to the credit of the fund.
(b) The fund shall be applied by the State Treasurer for payments on the principal and interest on bonds sold pursuant to this article as it becomes due and payable and any costs related to the issuance thereof. The remainder of the fund, if any, shall be invested by the West Virginia Board of Treasury Investments in the manner authorized under article six-c, chapter twelve of this code.
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