WVC 17 - 17 A- 6
§17-17A-6. Rights of holders; limitation on liability of state.
The state of West Virginia does hereby pledge to and agree
with the holders of any notes issued under this article that the
state will not limit or alter the rights hereby vested in the
commissioner to fulfill the terms of any agreements made with the
holders thereof, or in any way impair the rights and remedies of
such holders until such notes, together with the interest
thereon, with interest on any unpaid installments of interest,
and all costs and expenses in connection with any action or
proceeding by or on behalf of such holders, are fully met and
discharged. The commissioner is hereby authorized to include this
pledge and agreement of the state in any agreement with the
holders of such notes.
The holder of any note, or the trustee therefor, shall have
the right to bring suit for the payment of such note or to compel
the enforcement of any agreement securing such note to the extent
therein provided. Such notes shall be special obligations of the
state, payable solely from the sources herein provided, and shall
not be a general obligation debt or liability of the state or
constitute any claim on its general revenues or taxing power.
Neither the commissioner nor any other officer of the state
executing notes or other agreements hereunder shall have any
personal liability thereon or be subject to personal
Note: WV Code updated with legislation passed through the 2015 Regular Session
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