W. Va. Code R. § 53-1-6 - Allocation of Costs Applicable to Issuance of Bonds

6.1. All costs incurred by the Authority that can be directly attributed to a bond issue pending before the Authority shall be allocated to that bond issue and such costs shall be paid at the closing out of the proceeds of that bond issue. All such costs shall be in addition to the fees imposed and payable pursuant to the provisions of section 5 of this rule.

6.2. Without limiting in any manner the costs that can be allocated pursuant to section 6.1 of this rule, all legal and other professional fees incurred by the Authority that can be attributed to a bond issue shall be allocated to that bond issue and such legal and other professional fees shall be paid at the closing out of the proceeds of the bond issue. All such costs shall be in addition to the fees imposed and payable pursuant to the provisions of section 5 of this rule.

6.3. In the event that a bond issue is not consummated for any reason, whether by action of the Authority or otherwise, all costs incurred by the Authority that can be attributed to such bond issue, including any legal and other professional fees, shall be paid by the entity or entities, if any, that proposed for requested such bond issue.

Notes

W. Va. Code R. § 53-1-6