WVC 17 - 16 A- 2
§17-16A-2. Parkway revenue bonds and revenue refunding bonds not
debt of state or political subdivisions; statement
Parkway revenue bonds and revenue refunding bonds issued
under the provisions of this article shall not be deemed to
constitute a debt of the state or of any political subdivision
thereof or a pledge of the faith and credit of the state or of
any such political subdivision, but such bonds shall be payable
solely from the funds herein provided therefor from revenues.
All such parkway revenue bonds and revenue refunding bonds shall
contain on the face thereof a statement to the effect that
neither the state nor any political subdivision thereof shall be
obligated to pay the same or the interest thereon except from
revenues of the project or projects for which they are issued and
that neither the faith and credit nor the taxing power of the
state or any political subdivision thereof is pledged to the
payment of the principal of or the interest on such bonds.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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