All refunding bonds issued by the state may be sold at a price equal to, above or below par value and accrued interest as the state may direct. Refunding bonds may also be sold at a zero (0) rate of interest or at an original issue discount.
Structure West Virginia Code
Chapter 13. Public Bonded Indebtedness
Article 2G. State Refunding Bond Act
§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-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