Whenever bonds or notes are issued for financing the cost of any or all of the following: Constructing, reconstructing, remodeling, repairing, improving, extending, equipping or furnishing the football stadium or other athletic facilities of Marshall University, the board may, with the written approval of the director of athletics at Marshall University, pledge to the payment of the principal of and premium, if any, and interest on said bonds or notes all or any portion of the moneys derived from admission fees to athletic contests and deposited in the athletic accounts at Marshall University: Provided, That said approval of the director of athletics must specify all or any said portions of the moneys to be pledged: Provided, however, That no fees paid by students other than the regular student activity fee may be so pledged.
Structure West Virginia Code
Article 11E. Revenue Bonds for Marshall University Athletic Facilities
§18-11E-2. Trustee for Bondholders or Noteholders; Contents of Trust Agreement
§18-11E-4. Enforcement of Payment and Validity of Bonds and Notes
§18-11E-5. Pledges; Time; Liens; Recordation
§18-11E-7. Purchase and Cancellation of Bonds or Notes
§18-11E-8. Federal and Private Assistance
§18-11E-9. Vested Rights; Impairment
§18-11E-11. Negotiability of Bonds and Notes
§18-11E-12. Bonds and Notes Legal Investments
§18-11E-13. Exemption From Taxation