WEST VIRGINIA CODE
WVC 16 - 13 - 4
§16-13-4. Payment of preliminary expenses of surveys, etc.
All necessary preliminary expenses actually incurred by the
board of any municipality in the making of surveys, estimates of
costs and of revenue, employment of engineers or other employees,
the giving of notices, taking of options and all other expenses
of whatsoever nature, necessary to be paid prior to the issue and
delivery of the revenue bonds pursuant to the provisions of this
article, may be met and paid in the following manner. Said board
may from time to time certify such items of expense to the clerk
or recorder of said municipality, directing him to pay the
several amounts thereof, and thereupon said clerk or recorder
shall at once draw a warrant or warrants upon the treasurer of
said municipality, which warrant or warrants shall be paid out of
the general funds of said municipality not otherwise
appropriated, without a special appropriation being made therefor
by the governing body; or, in case there are no general funds of
such municipality not otherwise appropriated, the clerk or
recorder shall recommend to the governing body the temporary
transfer from other funds of such municipality of a sufficient
amount to meet such items of expense, or the making of a
temporary loan for such purpose, and such governing body shall
thereupon at once make such transfer of funds, or authorize such
temporary loan in the same manner that other temporary loans are
made by such municipality:
Provided, however, That the fund or
funds of such municipality from which such payments are made
shall be fully reimbursed and repaid by said board out of the
first proceeds of the sale of revenue bonds hereinafter provided for, and before any other disbursements are made therefrom, and
the amount so advanced to pay such preliminary expenses, shall be
a first charge against the proceeds resulting from the sale of
such revenue bonds until the same has been repaid as herein
provided.
Note: WV Code updated with legislation passed through the 2012 1st Special Session