This bill aims to amend the Code of West Virginia by terminating the authority of the West Virginia Parkways Authority to issue any further parkway revenue, parkway revenue refunding, or special obligation bonds after July 1, 2026. The proposed changes include the insertion of new language that explicitly states that after this date, no additional bonds may be issued for any parkways project or for any expansion or material alteration to existing parkways projects. This change is reflected in multiple sections of the code, including 17-16A-10, 17-16A-21, and 17-16A-25, where the termination of powers granted to the Authority is clearly outlined.

Additionally, the bill includes several deletions and insertions to clarify existing provisions regarding the issuance and management of bonds. For instance, it updates references to specific sections of the code and ensures that the funds from any issued bonds are used solely for designated parkway projects. The overall intent of the bill is to restrict the financial capabilities of the Parkways Authority, thereby limiting future debt obligations related to parkway projects in West Virginia.

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