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West Virginia News
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SCHOOL CONSTRUCTION
W.Va. School Building Authority sells $26M in revenue bonds to fund construction projects

Reported by: Associated Press
Saturday, May 24, 2014 9:24 AM EDT
CHARLESTON, W.Va.


West Virginia schools are set to get millions to fund construction projects.

Gov. Earl Ray Tomblin says the West Virginia School Building Authority successfully sold $26 million in revenue bonds that will fund $30 million in school construction projects.

Officials say the bonds are the first sold by the state since legislation dedicated additional lottery revenues to support school building projects.

Last month the state provided more than $43 million in funds that will result in more than $89 million being invested into schools when combined with local funding.

Officials say those funds will benefit students in Wayne, Monongalia, Gilmer and other counties across West Virginia.










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