Infrastructure revenue bonds issued pursuant to the provisions of this article shall not constitute a debt or a pledge of the faith and credit or taxing power of this state or of any county, municipality or any other political subdivision of this state. The holders or owners thereof shall have no right to have taxes levied by the Legislature or the taxing authority of any county, municipality or any other political subdivision of this state for the payment of the principal thereof or interest thereon. The bonds shall be payable solely from the revenues and funds pledged for their payment as authorized by this article. All such bonds shall contain on the face thereof a statement to the effect that the bonds, as to both principal and interest, are not debts of the state or any county, municipality or political subdivision thereof, but are payable solely from revenues and funds pledged for their payment.
Structure West Virginia Code
Article 15A. West Virginia Infrastructure and Jobs Development Council
§31-15A-4. Development of Guidelines and Preliminary Application for Funding Assistance
§31-15A-6. Powers, Duties and Responsibilities of the Council Generally; Comprehensive Assessment
§31-15A-7. Current and Prospective Planning; Roads and Highways; Report to Division of Highways
§31-15A-11. Reservation of Funds for Projects and Infrastructure Projects
§31-15A-12. Additional Powers of Water Development Authority
§31-15A-14. Termination or Dissolution
§31-15A-15. Projects Not to Be Considered Public Improvements; Competitive Bid Requirements
§31-15A-16. Dedication of Severance Tax Proceeds
§31-15A-17a. Infrastructure Revenue Bonds Payable From A. James Manchin Fund
§31-15A-17b. Infrastructure Lottery Revenue Bonds for Watershed Compliance Projects
§31-15A-17c. Critical Needs and Failing Systems Sub Account
§31-15A-18. Trustee for Holders of Infrastructure Revenue Bonds; Contents of Trust Agreement
§31-15A-19. Legal Remedies of Infrastructure Revenue Bondholders or Noteholders and Trustees
§31-15A-20. Infrastructure Revenue Bonds Lawful Investments
§31-15A-21. Purchase and Cancellation of Infrastructure Revenue Bonds
§31-15A-22. Refunding Revenue Bonds
§31-15A-24. Infrastructure Revenue Bonds Exempt From Taxation