West Virginia legislation · 2026 Regular Session
West Virginia HB5431: Relating generally to bonded indebtedness of the State of West Virginia
Status: Introduced, February 11, 2026
What the bill says
To amend and reenact §13‐2G‐3 of the Code of West Virginia, 1931, as amended; to amend said code by adding a new chapter, designated §13A‐1‐1, §13A‐1‐2, §13A‐1‐3, §13A‐1‐4, §13A‐1‐5, §13A‐1‐6, §13A‐1‐7, §13A‐1‐8, §13A‐1‐9, §13A‐1‐10, §13A‐1‐11, §13A‐1‐12, §13A‐2‐1, §13A‐2‐1a, §13A‐2‐2. §13A‐2‐3, §13A‐2‐4, §13A‐2‐5, §13A‐2‐6, §13A‐2‐7, §13A‐2‐8, §13A‐2‐9, §13A‐2‐10, §13A‐2‐11, §13A‐2‐12, §13A‐2‐13, §13A‐2‐14; §13A‐3‐1, §13A‐3‐1a, §13A‐3‐2, §13A‐3‐3, §13A‐3‐4, §13A‐3‐5, §13A‐3‐6, §13A‐3‐7, §13A‐3‐8, §13A‐3‐9, §13A‐3‐10, §13A‐3‐11, §13A‐3‐12, §13A‐3‐13, §13A‐3‐14, §13A‐4‐1, §13A‐4‐1a, §13A.
From the introduced text, February 11, 2026:
A BILL to amend and reenact §13‐2G‐3 of the Code of West Virginia, 1931, as amended; to amend said code by adding a new chapter, designated §13A‐1‐1, §13A‐1‐2, §13A‐1‐3, §13A‐1‐4, §13A‐1‐5, §13A‐1‐6, §13A‐1‐7, §13A‐1‐8, §13A‐1‐9, §13A‐1‐10, §13A‐1‐11, §13A‐1‐12, §13A‐2‐1, §13A‐2‐1a, §13A‐2‐2. §13A‐2‐3, §13A‐2‐4, §13A‐2‐5, §13A‐2‐6, §13A‐2‐7, §13A‐2‐8, §13A‐2‐9, §13A‐2‐10, §13A‐2‐11, §13A‐2‐12, §13A‐2‐13, §13A‐2‐14; §13A‐3‐1, §13A‐3‐1a, §13A‐3‐2, §13A‐3‐3, §13A‐3‐4, §13A‐3‐5, §13A‐3‐6, §13A‐3‐7, §13A‐3‐8, §13A‐3‐9, §13A‐3‐10, §13A‐3‐11, §13A‐3‐12, §13A‐3‐13, §13A‐3‐14, §13A‐4‐1, §13A‐4‐1a, §13A‐4‐2, §13A‐4‐3, §13A‐4‐4, §13A‐4‐5, §13A‐4‐6, §13A‐4‐7, §13A‐4‐8, §13A‐4‐9, §13A‐4‐10, §13A‐4‐11, §13A‐4‐12, and §13A‐4‐13; to repeal §17‐26‐1, §17‐26‐2, §17‐26‐3, §17‐26‐4, §17‐26‐5, §17‐26‐6, §17‐26‐7, §17‐26‐8, §17‐26‐9, §17‐26‐10, §17‐26‐11, §17‐26‐12, §17‐26‐13, §17‐26‐14, §17‐26A‐1, §17‐26A‐2, §17‐26A‐3, §17‐26A‐4, §17‐26A‐5, §17‐26A‐6, §17‐26A‐7, §17‐26A‐8, §17‐26A‐9, §17‐26A‐10, §17‐26A‐11, §17‐26A‐12, §17‐26A‐13, §17‐26A‐14, §31‐15B‐1; §31‐15B‐2, §31‐15B‐3, §31‐15B‐4, §31‐15B‐5, §31‐15B‐6, §31‐15B‐7, §31‐15B‐8, §31‐15B‐9, §31‐15B‐10, §31‐15B‐11, §31‐15B‐12, and §31‐15B‐13 of said code, relating generally to bonded indebtedness of the State of West Virginia; requiring recommendation from the State Treasurer prior to issuing refunding bonds beginning on a certain date; authorizing legislative rules related to refunding bonds, including emergency rules for a limited period; setting forth legislative intent and findings; defining terms; clarifying application of new article; specifying when the Treasurer may issue general obligation bonds; setting forth amount, form, and terms of general obligation bonds; declaring general obligation bonds to be covenants of the state and lawful investments; providing for manner of …