The Governor shall sell the bonds herein authorized at a time or times as provided by resolutions enacted by the Legislature. The Governor, in his or her discretion, may, by executive message, request that a resolution be proposed for the issuance of bonds pursuant to this article. The Governor shall determine the manner by which bonds will be sold at an aggregate price equal to, above or below par value. On or before June 1 in the fiscal year in which the first bonds are issued pursuant to this article and June 1 of each fiscal year, the commissioner shall certify to the Treasurer and Secretary of the Department of Revenue the principal and interest requirement for the following fiscal year on any bonds issued pursuant to this article.
Structure West Virginia Code
Chapter 17. Roads and Highways
Article 26A. Roads to Prosperity State Road Bonds
§17-26A-2. State Road General Obligation Bonds; Amount; When May Issue
§17-26A-3. Creation of Debt Service Fund to Pay Debt Service on State Road General Obligation Bonds
§17-26A-6. Sale by Governor; Certification of Annual Debt Service Amount
§17-26A-7. Conflicts of Interest
§17-26A-8. State Road Bonds Lawful Investments
§17-26A-10. Termination or Dissolution
§17-26A-11. Treasurer to Determine Financial Advisor
§17-26A-12. Governor to Determine Bond Counsel
§17-26A-13. Approval of and Payment of All Necessary Expenses