WVC 31 - 20 - 20
§31-20-20. Authorized limit on borrowing.
The aggregate principal amount of notes, security interests
and bonds issued by the authority may not exceed two hundred
million dollars outstanding at any one time. In computing the
total amount of notes, security interests and bonds which may be
outstanding at any one time, the principal amount of any
outstanding notes, security interests and bonds refunded or to be
refunded either by application of the proceeds of the sale of any
refunding notes, security interests or refunding bonds of the
authority or by exchange for any such notes, security interests or
refunding bonds shall be excluded. The state board of investments
may have invested no more than a total aggregate principal amount
of fifteen million dollars at any one time in such notes, security
interests or bonds.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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