WVC 18 - 11 E- 3
§18-11E-3. Payment of principal of and premium, if any, and
interest on bonds and notes from all or any portion
of the moneys derived from admission fees to
athletic contests at Marshall University; approval
of director of athletics.
Whenever bonds or notes are issued for financing the cost of
any or all of the following: Constructing, reconstructing,
remodeling, repairing, improving, extending, equipping or
furnishing the football stadium or other athletic facilities of
Marshall University, the board may, with the written approval of
the director of athletics at Marshall University, pledge to the
payment of the principal of and premium, if any, and interest on
said bonds or notes all or any portion of the moneys derived from
admission fees to athletic contests and deposited in the athletic
accounts at Marshall University: Provided,
That said approval of
the director of athletics must specify all or any said portions
of the moneys to be pledged: Provided, however,
That no fees
paid by students other than the regular student activity fee may
be so pledged.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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