For the purpose of paying project costs, or for the purpose of refunding notes issued under this article for the purpose of paying project costs, the county commission or municipality creating the development or redevelopment district may issue tax increment financing obligations payable out of tax increments and other revenues deposited to the tax increment financing fund of the development or redevelopment district.
W. Va. Code § 7-11B-20
Tax increment financing obligations -- authority to issue
Known as the The West Virginia Tax Increment Financing Act
The act spans §§ 7–7 (30 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.