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Current as of January 01, 2024 | Updated by FindLaw Staff
No constitutional or statutory limitation with respect to the nature or amount of or rate of interest on indebtedness which may be incurred by municipalities, counties or other public or governmental bodies applies to the indebtedness of an authority. No indebtedness of any nature of authority is an indebtedness of the state of West Virginia or any municipality or county therein or a charge against any property of said state of West Virginia or any municipalities or counties. No indebtedness or obligation incurred by any authority gives any right against any member of the governing body of any municipality or any member of the authority of any county or any member of the board of any authority. The rights of creditors of any authority are solely against the authority as a corporate body and shall be satisfied only out of property held by it in its corporate capacity.
Cite this article: FindLaw.com - West Virginia Code Chapter 22C. Environmental Resources; Boards, Authorities, Commissions and Compacts § 22C-4-20. Indebtedness of authority - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-22c-environmental-resources-boards-authorities-commissions-and-compacts/wv-code-sect-22c-4-20/
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 or via Westlaw before relying on it for your legal needs.
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