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WV HB2675

Bill

Official Source

Status

Introduced

2/20/2025

Primary Sponsor

Marty Gearheart

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Terminates the West Virginia Parkways Authority's power to issue new parkway revenue bonds after July 1, 2025
  • Prohibits issuance of parkway revenue refunding bonds after July 1, 2025, which are used to refinance existing debt
  • Eliminates the authority to issue special obligation bonds for parkway projects after the same date
  • Applies the prohibition to any bonds for parkway projects, including expansions or material alterations to existing parkway projects
  • Amends three sections of state code (§17-16A-10, §17-16A-21, and §17-16A-25) to implement these restrictions

Legislative Description

Eliminating the authority of the West Virginia Parkways Authority to issue further parkway revenue, parkway revenue refunding, or special obligation bonds after July 1, 2024

Roads and Transportation

Last Action

To House Enviroment, Infrastructure, and Technology

2/20/2025

Committee Referrals

Environment, Infrastructure, and Technology2/20/2025
Energy and Public Works2/20/2025

Full Bill Text

No bill text available