WVC 18 - 11 E- 7
§18-11E-7. Purchase and cancellation of bonds or notes.
The board, subject to such agreements with bondholders or
noteholders as may then exist, shall have the power, out of any
funds available therefor, to purchase bonds, including refunding
bonds or notes of the state issued by the board. If the bonds or
notes are then redeemable, the price of such purchase shall not
exceed the redemption price then applicable plus accrued interest
to the next interest payment date thereon. If the bonds or notes
are not then redeemable, the price of such purchase shall not
exceed the redemption price applicable on the first date after
such purchase upon which the bonds or notes become subject to
redemption plus accrued interest to such date. Upon such
purchase, such bonds or notes shall be canceled.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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