The West Virginia Regional Jail and Correctional Facility Authority on Monday approved the sale of $61 million in tax-exempt revenue bonds to fund the construction and expansion of correctional facilities.
The West Virginia Economic Development Authority will issue the bonds this fall, according to David Fontalbert, that agency's associate director.
Proceeds will provide $6 million each for juvenile detention facilities at Mount Hope, Barboursville, and Augusta; $4 million for a juvenile facility at Martinsburg; $10 million for the Davis Juvenile Correctional Center; and $9.8 million for additional cells at the Mount Olive Correctional Center.
The state Department of Administration will lease the properties, and the revenues from the leases will back the bonds, according to Fontalbert.