W. Va. Code R. § 112-10-8

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

Section 112-10-8 - Debt impact statement

8.1. The Division shall prepare a debt impact statement at the request of the Governor or any member of the Legislature.

8.2. A debt impact statement shall at a minimum include the following:

8.2.1. The current net tax supported debt;

8.2.2. The current net tax supported debt as a percentage of personal income;

8.2.3. The current net tax supported debt per capita;

8.2.4. A list of assumptions derived from the House or Senate bill or other information provided for which the debt impact statement is being prepared;

8.2.5. The recommendation of the Treasurer;

8.2.6. The total debt service as a percentage of revenue;

8.2.7. The current ratios and guidelines as established and reported by the major rating agencies; and

8.2.8. A comparison of West Virginia's ratio to other states with similar bond ratings.

W. Va. Code R. § 112-10-8