West Virginia Code 13-2G-7 – Sale of refunding bonds at above or below par value
Current as of: 2023 | Check for updates
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All refunding bonds issued by the state may be sold at a price equal to, above or below par value and accrued interest as the state may direct. Refunding bonds may also be sold at a zero (0) rate of interest or at an original issue discount.
Terms Used In West Virginia Code 13-2G-7
- 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
- Refunding bonds: means bonds, notes or other debt instruments issued to refund all or any part of general obligation bonds, revenue bonds, notes or other debt instruments heretofore or hereafter issued or lawfully assumed by the state, a state agency or a state authority pursuant to the provisions of this code. 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