Refunding bonds may be secured by a pledge of: (a) The same source of security as the bonds to be refunded; or (b) such other security as the state may lawfully pledge, or both.

Terms Used In West Virginia Code 13-2G-4

  • Bonds: means general obligation bonds, review bonds, notes or other debt instruments issued by the state, a state agency or a state authority. See West Virginia Code 13-2G-2
  • State: means the State of West Virginia, a state agency or a state authority. See West Virginia Code 13-2G-2