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Read. Follow. Verify.West Virginia Bill Relocates Bond Statutes and Requires Treasurer Review for Refunding Bonds
Last action · February 11, 2026: To House FinanceSponsor: Ray Canterbury
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What This Bill Proposed
Beginning July 1, 2026, West Virginia state agencies must receive a recommendation from the State Treasurer before issuing , under a bill that also relocates existing general obligation bond provisions into a single new chapter of the state code without altering outstanding debt terms.
The measure centralizes state bond oversight under the State Treasurer, establishes standardized procedures and criminal conflict-of-interest penalties for bond proceeds, and consolidates fragmented statutory provisions into Chapter 13A of the West Virginia Code.
- The West Virginia State Treasurer serves as the chief financial officer of the state and sits on major financial decision-making boards. context
- General obligation bonds are backed by the full faith, credit, and taxing power of the state. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
State agencies
State agencies seeking to issue refunding bonds must submit a recommendation request at least 90 days prior to sale and obtain a review from the State Treasurer beginning July 1, 2026.
State Treasurer
The State Treasurer is granted oversight authority to review refunding bond issuances, select bond counsel and financial advisors, and administer debt service funds.
Holders of state bonds
The statutory relocation does not alter or amend the terms, conditions, or legal status of any outstanding general obligation bonds of the state.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What changes for state agencies issuing refunding bonds?
Does this bill authorize the issuance of new general obligation bonds?
What are the penalties for conflict of interest violations involving bond proceeds?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
4 actions- Feb 11, 2026HouseCommitteeTo House Finance
- Feb 11, 2026HouseIntroducedIntroduced in House
- Feb 11, 2026HouseCommitteeTo Finance
- Feb 11, 2026HouseIntroducedFiled for introduction
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Consolidation of State Bond Statutes
The bill repeals scattered bond provisions across Chapters 17 and 31 and consolidates them into a unified Chapter 13A under the administration of the State Treasurer.
Connected Entities
Sources
www.wvlegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 65)
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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