West Virginia bill to end Parkways Authority bond issuance after July 1, 2026.

West Virginia HB4430 eliminates the authority of the West Virginia Parkways Authority to issue parkway revenue, parkway revenue refunding, or special obligation bonds after July 1, 2026. The bill specifies that no new bonds can be issued following this date. The Parkways Authority currently has the power to issue bonds for parkway projects, but this bill restricts their ability to do so beyond the specified date. The bill also includes provisions for the state department of highways to potentially take over the Parkways Authority's functions and assets.

West Virginia bill to end Parkways Authority bond issuance after July 1, 2026.

West Virginia HB4430 eliminates the authority of the West Virginia Parkways Authority to issue parkway revenue, parkway revenue refunding, or special obligation bonds after July 1, 2026. The bill specifies that no new bonds can be issued following this date. The Parkways Authority currently has the power to issue bonds for parkway projects, but this bill restricts their ability to do so beyond the specified date. The bill also includes provisions for the state department of highways to potentially take over the Parkways Authority's functions and assets.