WVC 16 - 1 B- 3
§16-1B-3. Issuance of bonds by the hospital finance authority;
payment of bonds from net profits of the veterans
lottery instant scratch-off game.
The director shall request that revenue bonds, not exceeding
the principal amount of ten million dollars, be issued by the West
Virginia hospital finance authority under provisions of section
seven, article twenty-nine-a of this chapter. Net profit from the
veterans lottery instant scratch-off game as authorized by section
nine-a, article twenty-two, chapter twenty-nine of this code and
other revenues that the Legislature may from time to time
appropriate shall pay the principal and interest obligations of the
bonds and the architectural and other project costs associated with
the construction, reconstruction, renovation and maintenance of one
or more skilled nursing facilities that will only serve the skilled
nursing needs of West Virginia veterans who have performed active
duty in an active component of the armed forces or performed active
service in a reserve component of the armed forces.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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