Subject to the provisions of the outstanding bonds issued under this article and subject to the provisions of this article, the governor shall have the power to refund any outstanding bonds, whether the obligation refunded represents principal or interest, in whole or in part, at any time.
Refunding bonds shall mature at such time or times, which shall not exceed the longest original term of the bonds as issued, as the governor shall determine by executive order issued by the governor, which executive order shall be received by the secretary of state and filed in the state register pursuant to section three, article two, chapter twenty-nine-a of this code.
Structure West Virginia Code
Chapter 12. Public Moneys and Securities
Article 8. Pension Liability Redemption
§12-8-2. Declaration of Policy; Legislative Findings; Legislative Intent
§12-8-4. Issuance of Bonds; Determination of Unfunded Actuarial Accrued Liability
§12-8-5. Method of Bond Issuance; Manner of Sale of Bonds; Authority of Department of Administration
§12-8-7. Proceeds From the Sale of Bonds
§12-8-10. State Pledges and Covenants
§12-8-11. Legal Remedies of Obligation Holders
§12-8-12. Nature of Bonds; Legal Investments
§12-8-13. Exemption From Taxation