WV HB4952

Establishes two financing programs within the West Virginia Economic Development Authority: the Charter School Direct Loan Program for construction, renovation, and startup costs, and the Charter School Credit Enhancement Program to help charter schools obtain favorable bond financing

Caps direct loans at $2 million per charter school, with terms up to five years (or seven years for New Markets Tax Credit transactions), available to qualifying charter schools, certain nonprofits, and limited liability companies

Creates three special revenue funds in the State Treasury to administer the programs, with up to 3% of funds transferable annually to cover administrative costs

Sets the Credit Enhancement Program's initial bond issuance limit at $75 million, with annual maintenance fees ranging from 0.10% to 0.25% of outstanding debt based on the charter school's credit rating

Requires the Governor to annually request legislative appropriations to restore any depleted debt service reserve funds, with qualifying charter schools obligated to repay the state within five years