§13-2C-13. No contribution by county or municipality.
No county commission or municipality shall have the power to
pay out of its general funds, or otherwise contribute, any of the
costs of acquiring, constructing or financing an industrial
project or commercial project, to be acquired, constructed or
financed out of the proceeds from the sale of revenue bonds
issued under the authority of this article: Provided, That this
provision shall not be construed to prevent a county or
municipality from accepting donations of property to be used as a
part of an industrial project or commercial project or to be used
for defraying any part of the cost of any such project. The
bonds issued pursuant to this article shall be payable solely
from the revenue derived from the industrial project or
commercial project or the financing thereof and shall not
constitute an indebtedness of the county or of the municipality
within the meaning of any constitutional provision and it shall
be plainly stated on the face of each bond that it has been
issued under the provisions of this article and that it does not
constitute an indebtedness of the county or municipality within
the meaning of the constitution of West Virginia.
No county commission or municipality shall have the
authority under this article to levy any taxes for the purpose of
paying any part of the cost of acquiring, constructing or
financing an industrial project or commercial project. However,
all necessary preliminary expenses actually incurred by a county
commission or a municipality in the making of surveys, taking
options, preliminary planning, and all other expenses necessary to be paid prior to the issuance, sale and delivery of the
revenue bonds, may be paid by such governmental body out of any
surplus contained in any item of budgetary appropriation or any
revenues collected in excess of anticipated revenues, which shall
be reimbursed and repaid out of the proceeds of the sale of the
revenue bonds.