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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commission shall serve as fiscal agent for all issuers of general obligation bonds issued by the counties, municipalities, and school districts of the state of West Virginia when the commission is specifically named as the fiscal agent by statute.
(b) The commission shall serve as fiscal agent for all issuers of revenue bonds issued by the counties, municipalities, and school districts of this state when the commission is specifically named as the fiscal agent by statute.
(c) The commission shall serve as fiscal agent for the issuers of revenue bonds issued by the state of West Virginia through its departments, commissions, boards, or agencies, when the commission is specifically named as the fiscal agent by statute.
(d) The commission may serve as fiscal agent for the issuer of other public purpose revenue bond issues when so provided by bond ordinance.
(e) The commission may agree to serve as paying agent for all issuers when so provided by bond ordinance.
(f) The commission may conduct business by telephonic conference when necessary.
(g) The commission is hereby granted, has and may exercise all powers necessary or appropriate to effectuate the purposes of this article.
Cite this article: FindLaw.com - West Virginia Code Chapter 13. Public Bonded Indebtedness § 13-3-6. Powers and duties of commission - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-13-public-bonded-indebtedness/wv-code-sect-13-3-6/
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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