West Virginia Code > Chapter 18 > Article 11A – Revenue Bonds for University Capital Improvements


18-11A-1	Board of Governors [board of regents] authorized to issue revenue bonds for new buildings
18-11A-2	Creation of special university capital improvements fund; revenues payable into such fund; authority of board to pledge such revenues into sinking and reserve funds
18-11A-3	Issuance of revenue bonds
18-11A-4	Trust agreement for holders of bonds
18-11A-5	Sinking fund for payment of bonds
18-11A-6	Credit of state not pledged
18-11A-7	Bonds exempt from taxation
18-11A-8	Supplemental powers conferred; conflicting laws superseded

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Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
board: means a county board of education. See West Virginia Code 18-1-1
Contract: A legal written agreement that becomes binding when signed.
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
School: means the students and teachers assembled in one or more buildings, organized as a unit. See West Virginia Code 18-1-1
State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
Trustee: A person or institution holding and administering property in trust.
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}