West Virginia § 8-16-15 - 8-16-15. How proceeds of bonds applied.
Full text of West Virginia West Virginia Code § 8-16-15 — 8-16-15. How proceeds of bonds applied., with citation guidance and answers to common questions.
§ 8-16-15. 8-16-15. How proceeds of bonds applied.
All moneys received from the sale of any bonds issued under the authority of this article, after reimbursements and repayments to said municipality or municipalities of all amounts advanced for preliminary expenses, as provided in section six of this article, shall be applied solely to the payment of the cost of the project, or to the appurtenant sinking fund, and there shall be, and there is hereby, created and granted a lien upon such moneys, until so applied, in favor of the holders of the bonds or the trustees hereinafter provided for.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 8-16-15
What does West Virginia Code § 8-16-15 cover?
Section 8-16-15 ("8-16-15. How proceeds of bonds applied.") is part of the West Virginia Code, the codified statutory law of West Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite West Virginia § 8-16-15?
A common citation format is "West Virginia Code § 8-16-15" (West Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of West Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the West Virginia official source linked on this page or consult a licensed West Virginia attorney.
How does West Virginia § 8-16-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in West Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in West Virginia.