WVC 11 - 8 - 20
§11-8-20. Levy apportioned to taxing district for current expense
but not needed may be used for its debt purposes or
passed on to lesser taxing district for debt purposes.
When the levies apportioned to, or in any way becoming
available to any tax levying body for debt purposes alone, shall be
insufficient to meet the requirements for such indebtedness, then
if there remain any part of the amount authorized to be levied and
apportioned to such taxing body for current expense purposes and
not required for such current expense purposes, such remaining part
shall be laid by such fiscal body in addition to its laying of the
levies hereby expressly apportioned to it for said debt purposes
and applied to the payment of its said contractual indebtedness
existing at the time of the adoption of the "Tax Limitation
Amendment." When any of the levies apportioned for current
expenses to any larger taxing district are not all required by such
taxing district for current expense and are not required for
indebtedness of such taxing district, then, with the consent and
approval in writing, of the tax commissioner, as provided in the
next preceding section, such lesser taxing district may likewise
utilize, for debt purposes only, the unused portion thereof.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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