This bill amends the Code of West Virginia to require that any additional bonds issued by the Parkways Authority must receive prior approval from both the Legislature and the Governor. It also stipulates that tolls must be removed six months after all outstanding bond indebtedness or encumbrances have been paid off. The bill aims to enhance oversight and accountability regarding the issuance of parkway revenue bonds and the management of tolls associated with these projects.

Key changes include the insertion of language that explicitly states no additional bonds may be issued without legislative and gubernatorial approval, and the requirement for tolls to be eliminated six months after the removal of any encumbrances related to the bonds. Additionally, the bill removes previous provisions that allowed for the issuance of bonds without such approvals, thereby tightening the regulatory framework governing the Parkways Authority's financial activities.

Statutes affected:
Introduced Version: 17-16A-10