West Virginia Code 17-27-12 – Governmental entities prohibited from pledging full faith and credit
Current as of: 2023 | Check for updates
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The full faith and credit of the state, or any county, municipality or political subdivision of the state may not be pledged to secure any financing of the developer in connection with the acquisition, construction or equipping of a qualifying transportation facility.
Terms Used In West Virginia Code 17-27-12
- Developer: means the private entity that is responsible for the acquisition, construction or improvement of a qualifying transportation facility. See West Virginia Code 17-27-2
- Qualifying transportation facility: means one or more transportation facilities acquired, constructed or improved by a private entity pursuant to this article. See West Virginia Code 17-27-2
- State: means the State of West Virginia. See West Virginia Code 17-27-2