West Virginia State Rail Authority.
29-18-1Short title.29-18-2Declaration of policy and responsibility; purpose and intent of article; findings.29-18-3Definitions.29-18-4West Virginia state rail authority continued; organization of authority; appointment of members; term of office, compensation and expenses; director of authority; termination date.29-18-4aSupervision of West Virginia State Rail Authority; executive director’s compensation.29-18-5Authority may construct, maintain, etc., railroad maintenance projects.29-18-6Powers, duties and responsibilities of authority generally.29-18-7Operations; purchases.29-18-8Creation of railroad maintenance authority fund.29-18-9Expenditure of funds for study and engineering of proposed projects.29-18-10Authority empowered to issue bonds, renewal notes and refunding bonds; requirements and manner of such issuance.29-18-11Trustee for bondholders; contents of trust agreement.29-18-12Legal remedies of bondholders and trustees.29-18-13Bonds and notes not debt of state, county, municipality or of any political subdivision; expenses incurred pursuant to article.29-18-14Use of funds by authority; restrictions thereon.29-18-15Investment of funds by authority.29-18-16Rentals and other revenues from railroad projects; contracts and leases of authority; cooperation of other governmental agencies; bonds of such agencies.29-18-17Maintenance, operation and repair of projects; reports by authority to Governor and Legislature.29-18-18Railroad maintenance bonds lawful investments.29-18-19Exemption from taxation.29-18-20Acquisition of property by authority; governmental agencies authorized to convey, etc., property.29-18-21Property of public utilities and common carriers.29-18-22Financial interest in contracts prohibited; penalty.29-18-23Meetings and records of authority to be kept public.29-18-24Creation of the West Virginia Commuter Rail Access Fund.29-18-25State rail plan required.