West Virginia Code > Chapter 13 > Article 4 – Federal Subsidy Bonds
Current as of: 2023 | Check for updates
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Other versions
| 13-4-1 | Definitions |
| 13-4-2 | Authority to issue federal subsidy bonds; election of credit payments; treatment of federal subsidy payments; exemption from taxation |
Terms Used In West Virginia Code > Chapter 13 > Article 4 - Federal Subsidy Bonds
- Credit payment: means any payment to an issuer of federal subsidy bonds or its designee authorized under the provisions of the Internal Revenue Code to offset a portion of the interest paid on the bonds. See West Virginia Code 13-4-1
- Federal subsidy bonds: means any state or local government bonds authorized for sale under the Internal Revenue Code of 1986, as amended, for which a credit payment is available to the issuer or its designee. See West Virginia Code 13-4-1
- Government entity: means the State of West Virginia, including any department, division, agency, bureau, board, commission, office or authority thereof, any political subdivision of the State of West Virginia including, but not limited to, any county, municipality or school district, and any other entity authorized by the provisions of this code to issue bonds, notes or other debt obligations. See West Virginia Code 13-4-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.