West Virginia HB5431 establishes procedures for issuing and managing state general obligation bonds.

West Virginia HB5431 details the issuance and management of state general obligation bonds, including the creation of debt service funds, the selection of bond counsel and financial advisors, and the prohibition of conflicts of interest. The bill authorizes the State Treasurer to issue bonds and manage related funds, while the Governor selects bond counsel. It also outlines the legal status of bonds, their lawful investments, and the process for refunding bonds. The bill aims to centralize and clarify the state's procedures for issuing, selling, and managing general obligation bonds.

West Virginia HB5431 establishes procedures for issuing and managing state general obligation bonds.

West Virginia HB5431 details the issuance and management of state general obligation bonds, including the creation of debt service funds, the selection of bond counsel and financial advisors, and the prohibition of conflicts of interest. The bill authorizes the State Treasurer to issue bonds and manage related funds, while the Governor selects bond counsel. It also outlines the legal status of bonds, their lawful investments, and the process for refunding bonds. The bill aims to centralize and clarify the state's procedures for issuing, selling, and managing general obligation bonds.