Relating to bonded indebtedness of State of WV

This bill updates West Virginia's laws regarding state bonded indebtedness by creating a new chapter in the state code and repealing several older sections. It requires the State Treasurer to obtain a recommendation before issuing refunding bonds and establishes clear rules for how general obligation bonds are issued, sold, and managed. The legislation also sets up specific debt service funds for each bond series, defines permissible investments, and creates penalties for conflicts of interest among officials handling these financial matters. Ultimately, the bill aims to consolidate and clarify the legal framework governing the state's borrowing and debt repayment processes.