Introduced Version
Senate Concurrent Resolution 202 History
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Key: Green = existing Code. Red = new code to be enacted
Senate Concurrent Resolution No. 202
(By Senators Tomblin, Mr. President, and Sprouse,
By Request of the Executive]
Providing for the issuance, not to exceed three billion nine
hundred million dollars, of bonds pursuant to article
eight, chapter twelve of the code of West Virginia.
Resolved by the Legislature of West Virginia:
That pension bonds in the principal amount not to exceed
three billion nine hundred million dollars are authorized to
be sold by the Governor during the time period set forth in
section four, article eight, chapter twelve of the code of
West Virginia; and, be it
Further Resolved, That the terms of the bonds shall be
determined by the Governor and as set forth in the trust
indenture approved by the Governor; and, be it
Further Resolved, That the Governor shall sell the bonds
herein mentioned at such time or times in such amounts, not
exceeding the aggregate principal amount described above, at
such prices during the fiscal year as he may determine
necessary to provide funds for the purposes set forth below;
provided that, before the sale of any such bonds, the Governor
shall deliver the written findings required by section five, article eight, chapter twelve of the code of West Virginia;
and, be it
Further Resolved, That the net proceeds of sales of all
bonds herein authorized shall be paid to the consolidated
public retirement board pursuant to section seven, article
eight, chapter twelve of the code of West Virginia and used
for the purposes set forth in said article.
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