Relating to authorizing bonds for improvements to the West Virginia Science and Culture Center

Summary

The legislation authorizes the Economic Development Authority to sell revenue bonds, secured by lottery proceeds, to pay for capital projects at the West Virginia Science and Culture Center and other historic sites. A special fund will receive lottery excess revenue to guarantee bond payments, and the bill sets priority rules for using those funds. It aims to provide a reliable financing source for needed repairs, equipment, and upgrades.

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