West Virginia Code
Article 16. Municipal Public Works; Revenue Bond Financing
§8-16-3. Special Provisions as to Certain Municipal Public Works

When the municipal public works is a motor vehicle parking facility, any municipality involved therein shall have the plenary power and authority, in order to help finance the same, to use any revenue derived from other parking meters or other parking facilities, unless such revenue is otherwise pledged to pay for such other parking meters or other parking facilities.
When the municipal public works is a jail facility used for municipal prisoners, any municipality involved therein shall have the power and authority, in order to help finance the same, to pledge, for a period not to exceed twenty years, the proceeds derived from the imposition of fines and fees.
When the cost of the municipal public works is to be paid by special assessment against the abutting property, represented by assessment certificates which constitute a lien upon such property and said assessment certificates are pledged by any municipality to retire revenue bonds issued and sold to pay the cost thereof, the payor of such assessment certificate shall have the right to pay the same at any time before maturity, together with interest thereon to date of payment, and upon the payment of such assessment certificate the treasurer of such municipality shall deliver to the payor a release for such lien, and the funds received therefrom shall by said treasurer be deposited in a special fund to be expended only in the payment of such revenue bonds.

Structure West Virginia Code

West Virginia Code

Chapter 8. Municipal Corporations

Article 16. Municipal Public Works; Revenue Bond Financing

§8-16-1. Definitions

§8-16-2. Municipalities Authorized to Construct, etc., Public Works and to Acquire Property; Payment of Costs

§8-16-3. Special Provisions as to Certain Municipal Public Works

§8-16-4. Construction, etc., to Be Under Control of Governing Body or Appointed Board, etc.

§8-16-4a. Additional Special Provisions as to Motor Vehicle Parking Facilities

§8-16-4b. Additional Special Provision as to the Use of Space in Motor Vehicle Parking Facilities

§8-16-5. Powers of Board

§8-16-6. Preliminary Expenses

§8-16-7. Ordinance for Construction, etc., of Works

§8-16-8. Right of Eminent Domain

§8-16-9. Bonds for Improvements, etc., of Works

§8-16-10. Items of Expense Included in Cost of Works

§8-16-11. No Municipality Is to Incur Any Obligation Not Payable From Proceeds of Bonds; Exemption From Taxation

§8-16-12. Interest Rate and Life of Bonds; Redemption; How Payable; Form, Denominations, etc.; Additional Bonds Authorized; Interim Certificates

§8-16-13. Obligations Not to Bind Municipal Official or Officer or Member of Board Personally

§8-16-14. Additional Bonds for Improvements, etc., of Works

§8-16-15. How Proceeds of Bonds Applied

§8-16-16. Bonds Secured by Trust Indenture Between Municipality or Municipalities and Corporate Trustee

§8-16-17. Sinking Fund; West Virginia Municipal Bond Commission; Transfer of Funds; Purchase of Outstanding Bonds

§8-16-18. Rates, Fees, or Charges for Services Rendered by Works

§8-16-18a. Pledge of the Hotel Occupancy Tax; Contribution of Revenues to Building Commission

§8-16-20. Accounting System; Yearly Audit; Custodian of Funds

§8-16-21. Governmental Entities to Pay Established Rates, Fees or Charges for Services Rendered to It or Them

§8-16-22. Statutory Mortgage Lien Upon Works Created

§8-16-23. Acquisition of Property on Which Lien Exists

§8-16-24. Protection and Enforcement of Rights of Bondholders, etc.; Receivership; Effect of Receivership on Lease Agreement

§8-16-25. Article Confers Additional Power and Authority; Extraterritorial Jurisdiction

§8-16-26. Construction of Power and Authority Conferred

§8-16-27. Article Liberally Construed

§8-16-28. Reference to &Quot;municipal Authorities" or &Quot;municipal Authority" Elsewhere in Law to Mean &Quot;governing Body" for the Purposes of This Article Only