W. Va. Code R. § 157-10-6

Current through Register Vol. XLII, No. 1, January 3, 2025

Section 157-10-6 - Funding of Project

6.1. The sponsor and the Division may use alternative funding sources to conduct the project, including Transportation Infrastructure Finance and Innovation Act, general obligation bonds, special revenue bonds, anticipatory bonds, multi-entity bonds, and dedicated user fees.

6.2. Upon completion of the project, any monies excess to the monies defined in the funding section of the project agreement shall be deposited in to a separate account for either the earlier retirement of the debt or to fund the operation or maintenance of the project.

6.3. No fees may be terminated until the bonding for the project is retired.

W. Va. Code R. § 157-10-6