West Virginia HB4431 mandates legislative and gubernatorial approval for issuing additional bonds by the Parkways Authority and requires toll removal.

West Virginia HB4431 amends the state code to require the approval of both the Legislature and the Governor before the Parkways Authority can issue additional bonds. The bill also mandates that tolls be removed six months after all bond encumbrances are cleared. The Parkways Authority is authorized to issue parkway revenue bonds for parkway projects, with proceeds used for construction, maintenance, and improvement of public highways and bridges.

West Virginia HB4431 mandates legislative and gubernatorial approval for issuing additional bonds by the Parkways Authority and requires toll removal.

West Virginia HB4431 amends the state code to require the approval of both the Legislature and the Governor before the Parkways Authority can issue additional bonds. The bill also mandates that tolls be removed six months after all bond encumbrances are cleared. The Parkways Authority is authorized to issue parkway revenue bonds for parkway projects, with proceeds used for construction, maintenance, and improvement of public highways and bridges.