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Introduced Version House Bill 2074 History

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hb2074 intr
H. B. 2074


(By Delegate Beane)
[Introduced February 9, 2005; referred to the
Committee on Government Organization then Finance.]




A BILL to amend the code of West Virginia, 1931, as amended, by adding thereto a new section, designated §5D-1-5c, relating to transferring remaining bonding functions of public energy authority to state treasurer.

Be it enacted by the Legislature of West Virginia:
That the code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §5D-1-5c, to read as follows:
ARTICLE 1. PUBLIC ENERGY AUTHORITY OF THE STATE OF WEST VIRGINIA.

§5D-1-5c. Powers and duties related to bonding transferred to state treasurer.

Notwithstanding any other provision of this article, all powers and duties of the public energy authority related to bonding authority, including statutory responsibilities and contractual obligations related to outstanding bonded indebtedness existing at the effective date of this section, are transferred to the state treasurer.

NOTE: The purpose of this bill is to transfer from the Public Energy Authority to the State Treasurer, responsibility to service bonds previously issued by the Authority.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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