SENATE CONCURRENT RESOLUTION NO. 3

(By Senators Minard, Oliverio, Kessler, Edgell, Anderson, Sharpe, Ross, Redd, Boley, Minear, Helmick, Prezioso, McCabe, Unger, Bowman, Plymale, Snyder, Love, Mitchell, Caldwell, Rowe, Hunter, Burnette, Facemyer, Sprouse, Bailey, Wooton, Jackson, Chafin, Tomblin, Mr. President, and Craigo)

Authorizing the issuance of negotiable bonds and notes to provide funds for the construction, reconstruction, renovation and maintenance of one or more skilled nursing facilities to serve the needs of West Virginia veterans.

Whereas, The health and welfare of West Virginia veterans would be best served by the establishment of one or more skilled nursing facilities exclusively for veterans; and
Whereas, With nearly 200,000 veterans, West Virginia has the highest level of participation per capita of any state in wars and conflicts fought by this nation; and
Whereas, The aging veteran population, which suffers from wartime disabilities and illnesses, is, or will be, in need of skilled nursing care; and
Whereas, During the First Extraordinary Session, 2001, the Legislature enacted Enrolled Senate Bill No. 1005, which provides for the sale of revenue bonds by the Hospital Finance Authority to fund one or more skilled nursing facilities to be constructed, equipped, staffed and operated by the Director of the Division of Veterans' Affairs to house and serve veterans of the United States armed forces who are citizens of the state; and
Whereas, In accordance with the provisions of Enrolled Senate Bill No. 1005, the adoption of a concurrent resolution by the Legislature will authorize the Hospital Finance Authority to permit the issuance of negotiable bonds and notes in a principal amount which is necessary to provide sufficient funds for the construction, reconstruction, renovation and maintenance of one or more skilled nursing facilities that will exclusively serve the needs of West Virginia veterans who have performed active duty in either an active or reserve component of the armed forces. The bonds issued by the Authority may not exceed $10 million. The revenues pledged for the repayment of principal and interest of these bonds shall include the net profit of the veterans instant lottery scratch-off game authorized by section nine-a, article twenty-two, chapter twenty-nine of the code of West Virginia; and
Whereas, Except as may otherwise be expressly provided by the Hospital Finance Authority, every issue of its bonds or notes shall be special obligations of the Authority, payable solely from the property, revenues or other sources of or available to the Authority which were pledged therefor; and
Whereas, The bonds and notes shall be authorized by resolution of the Authority, shall bear the date and shall mature at time or times, in the case of any such note or any renewals thereof, not exceeding seven years from the date of issue of the original note and in the case of any bond not exceeding fifty years from the date of issue, as the resolution may provide; therefore, be it
Resolved by the Legislature of West Virginia:
That the Legislature, in accordance with the provisions of Enrolled Senate Bill No. 1005, enacted during the First Extraordinary Session, 2001, hereby authorizes the issuance of negotiable bonds and notes to provide funds for the construction, reconstruction, renovation and maintenance of one or more skilled nursing facilities to serve the needs of West Virginia veterans; and, be it
Further Resolved, That the revenues pledged for the repayment of principal and interest of these bonds shall include the net profit of the veterans instant lottery scratch-off game authorized by section nine-a, article twenty-two, chapter twenty-nine of the code of West Virginia; and, be it
Further Resolved, That, except as may otherwise be provided by the Hospital Finance Authority, every issue of its bonds or notes shall be special obligations of the Authority, payable solely from the property, revenues or other sources of or available to the Authority which were pledged therefor; and, be it
Further Resolved, That the Clerk of the Senate is hereby directed to forward a copy of this resolution to the Governor and the Hospital Finance Authority.