West Virginia Senate Bill 594

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 30 2024 - 25% progression
Action: 2024-01-30 - To Economic Development
Pending: Senate Economic Development Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to require that all appropriations that exceed $1 million to any single private business entity must be brought as a stand-alone bill to both the House of Delegates and the Senate, prohibiting either the House of Delegates or the Senate or both the House of Delegates and the Senate from authorizing a series of appropriations of less than $1 million that combine to exceed $1 million to a single private business entity, setting a limit of $10 million on the annual balance of the Economic Development Promotion and Closing Fund, setting a limit of $100 million on the annual budget of the Entrepreneurship and Innovation Investment Fund.

Modifying appropriation requirements of certain economic development funds

Sen. Patricia Rucker [R]

Date	Chamber	Action
2024-01-30	Senate	To Economic Development
2024-01-30	Senate	Introduced in Senate
2024-01-30	Senate	To Economic Development then Finance
2024-01-30	Senate	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
4	1	2	Amended Code	Citation Text
5B	2	16	Amended Code	Citation Text
5B	2	3b	Amended Code	Citation Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=594&year=2024&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb594%20intr.htm&yr=2024&sesstype=RS&i=594