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HB 4430

Eliminating the authority of the West Virginia Parkways Authority to issue further parkway revenue, parkway revenue refunding, or special obligation bonds after July 1, 2025

2026 Regular Session

HB 4430 prohibits West Virginia's Parkways Authority from issuing new bonds after July 1, 2025, potentially restricting infrastructure funding capacity.

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Bill Summary · HB 4430

Legislative bill overview

HB 4430 terminates the West Virginia Parkways Authority's ability to issue new revenue bonds, revenue refunding bonds, or special obligation bonds after July 1, 2025. The authority would retain existing bond obligations but cannot take on new debt through these mechanisms going forward.

Why is this important

The Parkways Authority uses bond revenue to fund road construction, maintenance, and operations on West Virginia's toll road system. Eliminating bonding authority could restrict the authority's capacity to finance major infrastructure projects, potentially affecting road quality and expansion plans unless alternative funding sources are secured.

Potential points of contention

  • Impact on infrastructure funding: Without bonding authority, the Parkways Authority may struggle to finance necessary repairs and improvements, potentially leading to deteriorating road conditions
  • Existing debt obligations: The bill does not address how existing bonds will be serviced, creating uncertainty about the authority's financial stability and obligations to bondholders
  • Alternative funding mechanisms: The legislation does not specify replacement funding sources, raising questions about whether toll revenues alone can sustain operations and maintenance

Compiled from official sources — confirm details with the bill’s official record.

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