No part of the proceeds from the sale of bonds under this article may inure to the benefit of or be distributable to the officers or employees of the state except to pay reasonable compensation for services rendered to the state. Any person violating the provisions of this section is guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $1,000, or confined in jail not more than one year, or both fined and confined.
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