All refunding bonds issued by the state may be sold at a price equal to, above or below par value and accrued interest as the state may direct. Refunding bonds may also be sold at a zero (0) rate of interest or at an original issue discount.
W. Va. Code § 13-2G-7
Sale of refunding bonds at above or below par value
Known as the State Refunding Bond Act
The act spans §§ 13–13 (14 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.