Relating generally to bonded indebtedness of the State of West Virginia

Summary

The bill makes a State Treasurer recommendation mandatory before any state agency can issue refunding bonds and puts all authority over general‑obligation bonds under the Treasurer’s control. It also creates dedicated debt‑service funds, sets rules for bond issuance and investment, and adds misdemeanor penalties for conflicts of interest. The changes are intended to improve transparency and fiscal oversight of the state's bonded indebtedness.

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