WV HB2762 | 2011 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 24 2011 - 25% progression, died in committee
Action: 2011-02-14 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 24 2011 - 25% progression, died in committee
Action: 2011-02-14 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to revise the County Economic Opportunity Development District Act. The bill defines remediation and includes remediation of landfills, former coal mining sites, solid waste facilities or hazardous waste sites as permissible development expenditures for approved projects. The bill changes the standard by which the maximum amounts of reserves that may be established in the financing of a project are measured. The bill provides that the development office cannot approve a project involving remediation unless all development expenditures proposed within a certain timeframe result in more than $50 million in capital investment in the district. The bill also changes the term ordinance to order and corrects other language by changing municipality to county. The bill provides that the development office may not approve a project involving remediation unless the county commission submits clear and convincing information that the proposed remediation expenditures to be financed with bonds or notes do not constitute more than twenty-five percent of a project's total development expenditures.
Title
Revising the County Economic Opportunity Development District Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-14 | To House Finance | |
| 2011-02-14 | 2nd reference dispensed | |
| 2011-02-14 | Do pass | |
| 2011-01-24 | To House Energy, Industry and Labor, Economic Development and Small Business | |
| 2011-01-24 | Introduced in House | |
| 2011-01-24 | To Energy, Industry and Labor, Economic Development and Small Business then Judiciary then Finance | |
| 2011-01-24 | Filed for introduction |
Same As/Similar To
SB235 (Same As) 2011-06-08 - Effective Date
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 7 | 22 | 10 | Amended Code | Citation Text |
| 7 | 22 | 12 | Amended Code | Citation Text |
| 7 | 22 | 15 | Amended Code | Citation Text |
| 7 | 22 | 17 | Amended Code | Citation Text |
| 7 | 22 | 20 | Amended Code | Citation Text |
| 7 | 22 | 3 | Amended Code | Citation Text |
| 7 | 22 | 4 | Amended Code | Citation Text |
| 7 | 22 | 5 | Amended Code | Citation Text |
| 7 | 22 | 7 | Amended Code | Citation Text |
