Gov. Jim Justice says that [last week], “the state of West Virginia sold $55.2 million in excess lottery revenue bonds, issued through the West Virginia Economic Development Authority (WVEDA), to fund $60 million in state park improvement projects to promote economic development and help grow tourism…
Debt service on the bonds will be paid from revenues deposited in the Excess Lottery Revenue Fund which primarily include net profits of racetrack video lottery and limited video lottery machines. The bonds received strong ratings of “AAA” by S&P Global and “A1” by Moody’s Investor Services.”
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