SB 444
Enhancing flexibility, responsiveness, and economic development potential of Industrial Access Road Fund
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill aims to improve the West Virginia Industrial Access Road Fund by increasing its flexibility and responsiveness to economic development needs. It allows for greater coordination between counties and regional economic development organizations, enabling them to share funding for projects located in different areas. The bill also clarifies how the fund can be used, particularly regarding matching funds for federal projects and ensuring that funds are allocated to projects that support industrial development.
Key provisions
- Allows counties to allocate funds to projects in other counties within the same regional economic development organization.
- Establishes a process for coordinating projects between regional entities and the Division of Highways.
- Clarifies the criteria for the Division of Highways to determine the construction of industrial access roads.
- Specifies that industrial access roads are part of the state road system and should be maintained accordingly.
- Restricts the use of the fund to industrial sites and excludes funding for schools, hospitals, and other non-industrial facilities.
- Requires certification from counties or municipalities before funds are expended, demonstrating the existence or planned construction of an industrial site.
- Limits the amount of unmatched funds that can be allocated to a single county in a fiscal year.
- Provides for periodic review of funding thresholds to account for inflation and construction costs.
Who is affected
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