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Current as of January 01, 2024 | Updated by Findlaw Staff
If the order or ordinance submitting the proposition of issuing bonds to a vote specifies several projects within the same general purpose and the amount of the proceeds of such issue to be used for each project and for any reason one or more of said projects cannot be constructed, carried out, or completed, the amount of money specified for such projects and any sums remaining unused upon completion of any one of the specified projects may be allocated by the governing body in its discretion to and expended for any one or more of the remaining projects specified in said order or ordinance if said order or ordinance of submission shall contain a provision authorizing it to do so.
Cite this article: FindLaw.com - West Virginia Code Chapter 13. Public Bonded Indebtedness § 13-1-6a. When proceeds of bond issue specified for one project may be used for another project - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-13-public-bonded-indebtedness/wv-code-sect-13-1-6a/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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