Bill > HB2675

This bill eliminates the West Virginia Parkways Authority's ability to issue new parkway revenue bonds, parkway revenue refunding bonds, or special obligation bonds after July 1, 2025. Specifically, the legislation amends three sections of existing law (§17-16A-10, §17-16A-21, and §17-16A-25) to terminate the Parkways Authority's bonding powers on that date. After July 1, 2025, the Authority will no longer be able to issue any new bonds for parkway projects, including for construction, expansion, or material alterations to existing parkways. This means the Parkways Authority will effectively lose its financial mechanisms for funding new infrastructure or refinancing existing debt after the specified date. The bill does not impact existing bonds or ongoing debt obligations, but prevents the Authority from creating new financial instruments beyond the 2025 deadline. The legislation appears to be part of a broader restructuring or wind-down of the Parkways Authority's financial operations.

Transportation and Infrastructure

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2675&year=2025&sessiontype=RS&btype=bill