West Virginia Code 18-9D-4a – Savings from issuance of refunding bonds
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Any aggregate savings resulting from the issuance of refunding bonds pursuant to section four of this article shall be retained by the School Building Authority. Any savings shall be utilized solely for the construction and maintenance of schools and may not be used to fund administrative costs of the authority.
Terms Used In West Virginia Code 18-9D-4a
- School: means the students and teachers assembled in one or more buildings, organized as a unit. See West Virginia Code 18-1-1