W. Va. Code R. § 112-10-7

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 112-10-7 - Debt Capacity Reports

7.1. The Division, with the cooperation and support of the Department of Administration, the Department of Revenue, and the Bureau of Employment Programs, shall issue an annual debt capacity report on or before January 15 of each year for the period ending June 30 of the next preceding fiscal year.

7.2. The annual debt capacity report shall review the size and condition of the state's net tax supported debt and estimate the maximum amount of net tax supported debt which the state and its spending units may authorize based upon ratios and guidelines established by the major bond rating agencies to keep West Virginia within an average to low range of nationally recognized debt limits.