Any state road general obligation bonds which are outstanding may at any time be refunded by the issuance of refunding bonds in an amount deemed necessary to refund the principal of the bonds to be refunded, together with any unpaid interest thereon; to accomplish the purpose of the amendment and to pay any premiums necessary to be paid in connection therewith. Any refunding may be effected whether the state road general obligation bonds to be refunded shall have then matured or shall thereafter mature. Any refunding bonds issued pursuant to this article shall be payable from the Roads to Prosperity Bond Debt Service Fund.
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