18-12B-1 Board of regents authorized to issue revenue bonds for certain capital improvements; payment of relocation costs
18-12B-2 State system tuition fee special capital improvements fund in State Treasury; collections to be paid into special fund; authority of board of regents to pledge such collections as security for revenue bonds; authority of board to finance projects on a cas
18-12B-3 Board of regents to fix and collect fees
18-12B-4 Issuance of revenue bonds; use of proceeds; bonds exempt from taxation
18-12B-5 Issuance of revenue refunding bonds; use of moneys; power to enter into escrow agreements; call for redemption
18-12B-6 Bonds may be issued for combined purposes
18-12B-7 Bonds shall be negotiable instruments
18-12B-8 Trust agreements for holders of bonds
18-12B-9 Sinking fund for payment of bonds
18-12B-10 Credit of state not pledged
18-12B-11 Attorney general or his duly appointed legal representative to serve as bond counsel
18-12B-12 Powers of board are supplemental; conflicting laws superseded
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In West Virginia Code > Chapter 18 > Article 12B - Revenue Bonds for State Institutions of Higher Education -- Capital Improvements On System Basis

  • 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.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.