§8-16-18a. Pledge of the hotel occupancy tax; contribution of
revenues to building commission.
In addition to the rates or charges authorized to be pledged
and expended for the security and payment of bonds as provided in
this article, the governing body issuing such bonds shall have
plenary power and authority to pledge and expend for the security
and payment of such bonds all, or any part, of the revenues which
are derived from the hotel occupancy tax which a municipality may
impose pursuant to section three, article thirteen of this chapter
and which are specifically dedicated by such governing body for any
purpose or purposes set forth in section three, article thirteen of
this chapter. All such sums which are so pledged shall be deemed
"revenues of the works" for all purposes of the provisions of this
article. The governing body shall also have the power and
authority to contribute all, or any part of, the revenues derived
from said hotel occupancy tax to a building commission created by
such governing body pursuant to article thirty-three, chapter eight
of this code for such lawful purposes which such building
commission shall determine and which are set forth in section
three, article thirteen of this chapter, including payment of
revenue bonds issued by such building commission.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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