The lottery revenue bonds issued pursuant to this article and the income therefrom are exempt from all taxation by the State of West Virginia, or by any county, school district, municipality or political subdivision thereof, except inheritance, estate and transfer taxes; and the real and personal property which a county commission, a municipality or board of education may acquire pursuant to the provisions of this article shall be exempt from taxation by the state, or any county, municipality or other levying body, as public property, so long as the same is owned by such county, municipality or board of education.
Structure West Virginia Code
Chapter 13. Public Bonded Indebtedness
Article 2H. Lottery Revenue Bond Act
§13-2H-3. Powers Conferred on Counties and Municipalities
§13-2H-4. Issuance of Lottery Revenue Bonds by County
§13-2H-5. Issuance of Lottery Revenue Bonds by Municipality
§13-2H-6. Issuance of Lottery Revenue Bonds by Board of Education
§13-2H-7. Use of Proceeds From Sale of Bonds
§13-2H-10. Joint Establishment by Two or More Governmental Bodies