WV SB485 | 2017 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 10-2)
Status: Introduced on March 1 2017 - 25% progression, died in chamber
Action: 2017-03-11 - Senator Smith requests to be removed as sponsor of bill
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 1 2017 - 25% progression, died in chamber
Action: 2017-03-11 - Senator Smith requests to be removed as sponsor of bill
Text: Latest bill text (Introduced) [HTML]
Summary
 The purpose of this bill concerns the expansion of broadband service to unserved areas of West Virginia by providing loan insurance for commercial loans used for the expansion of broadband service to unserved or underserved areas. The bill establishes limits and conditions on the insuring of loans. The bill establishes interest rates. The bill establishes amortization periods. The bill provides for security interests. The bill sets forth the responsibilities of the West Virginia Economic Development Authority, the West Virginia Board of Treasury Investments and the Broadband Enhancement Council, provides that the members of the West Virginia Board of Treasury Investments do not have a fiduciary responsibility with regard to loans. The bill provides for notice for loan insurance. The bill provides for hearings and appeal. The bill also makes technical changes.
Title
Relating to expansion of broadband service
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-11 | Senate | Senator Smith requests to be removed as sponsor of bill |
| 2017-03-01 | Senate | To Economic Development |
| 2017-03-01 | Senate | Introduced in Senate |
| 2017-03-01 | Senate | To Economic Development then Finance |
| 2017-03-01 | Senate | Filed for introduction |
Same As/Similar To
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 12 | 6C | 11 | Amended Code | Citation Text |
| 31 | 15 | 8 | Amended Code | Citation Text |
