Requiring recommendation from the State Treasurer prior to issuing refunding bonds

HB 3485 requires West Virginia's State Treasurer to provide a written recommendation before the state issues refunding bonds, which are bonds used to replace existing debt. The bill establishes new procedures for issuing refunding bonds, including requiring the Treasurer to select bond counsel and financial advisors, create debt service funds for each bond series, and avoid conflicts of interest. It directly affects the state government's process for managing bonded debt, specifically the Treasurer's office and related financial operations. The legislation aims to add oversight to bond issuance while clarifying procedures for debt management under West Virginia law.