(a) The Tobacco Settlement Finance Authority is hereby created and constitutes a body corporate and politic, constituting a public corporation and government instrumentality of the state and the exercise of its powers pursuant to this article is an essential governmental function.
(b) The authority shall not create any obligation of this state or any political subdivision of this state within the meaning of any Constitutional or statutory debt limitation.
(c) The authority shall not pledge the credit or taxing power of the state or any political subdivision of this state, or make its debts payable out of any moneys except those of the authority specifically pledged for their payment.
Structure West Virginia Code
Article 11A. Legislative Appropriation of Tobacco Settlement Funds
§4-11A-1. Legislative Findings and Purpose
§4-11A-4. Limitation on Appeal Bond
§4-11A-6. Creation of Tobacco Settlement Finance Authority
§4-11A-9. Staff; Assistance by State Officers, Agencies and Departments
§4-11A-10. Limitation of Liability
§4-11A-12. Authorization of the Sale of Rights in the Master Settlement Agreement
§4-11A-13. Authorization of Bonds of the Authority
§4-11A-14. Exemption From Purchasing Provisions
§4-11A-16. Dissolution of the Authority; Distribution of Assets