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Bill > HB4431
WV HB4431
WV HB4431Requiring the approval of the Legislature and the Governor before additional bonds may be issued by the Parkways Authority
summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to require the approval of the Legislature and the Governor before additional bonds may be issued by the Parkways Authority; and requiring tolls to be removed six months following removal of encumbrances for the bonds.
AI Summary
This bill modifies existing law regarding the Parkways Authority's ability to issue bonds, which are essentially loans taken out by the authority to fund projects. Specifically, it requires that before the Parkways Authority can issue any new bonds, it must first obtain approval from both the West Virginia Legislature and the Governor. Furthermore, the bill mandates that any tolls collected to pay off these bonds must be removed within six months after all debts and financial obligations related to those bonds have been fully paid off.
Committee Categories
Transportation and Infrastructure
Sponsors (7)
Marty Gearheart (R)*,
Eric Brooks (R),
Jim Butler (R),
Ray Canterbury (R),
Vernon Criss (R),
Joe Ellington (R),
David Elliott Pritt (R),
Last Action
Markup Discussion (on 01/30/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4431&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Parkways Authority, WV | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=938185515 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4431%20intr.htm&yr=2026&sesstype=RS&i=4431 |
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