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Introduced Version Senate Bill 544 History

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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 544

(By Senators Caruth, Chafin, Fanning and Guills)

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[Introduced March 11, 2009; referred to the Committee on Transportation and Infrastructure; and then to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §17-16A-22a, relating to requiring the West Virginia Parkways Authority to pay all indebtedness on schedule without extending or renewing the debt.

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 §17-16A-22a, to read as follows:
ARTICLE 16A. WEST VIRGINIA PARKWAYS, ECONOMIC DEVELOPMENT AND TOURISM AUTHORITY.

§17-16A-22a. Parkway indebtedness be paid on schedule without extending or renewing of the debt.

Notwithstanding any provision of this code to the contrary, the West Virginia Parkways Authority shall pay all indebtedness owed on schedule without extending or renewing the indebtedness.



NOTE: The purpose of this bill is to require the West Virginia Parkways Authority to pay all indebtedness on schedule without extending or renewing the debt.


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