WV HB5685

Authorizes the West Virginia Economic Development Authority to issue up to $150 million in revenue bonds for capital improvements to the West Virginia Science and Culture Center and other sites acquired to preserve state history

Bonds will be repaid through the State Excess Lottery Revenue Fund, with annual debt service payments capped at $12 million per fiscal year through June 30, 2047

Creates the Cultural Center Improvements Revenue Debt Service Fund in the State Treasury to receive lottery revenue deposits dedicated to bond repayment

Requires the Secretary of Tourism to submit a proposed list of capital improvements to the Governor by September 1, 2026, with the Governor certifying the final list to the Authority by September 30, 2026

Bonds must mature within 20 years of issuance and are special obligations payable solely from pledged lottery revenues, not general state funds