Senate Bill No. 301
(By Senators Ross, Anderson,
Bowman
and Boley)
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[Introduced January 28, 1999;
referred to the
Committe on Government Organization;
and then to the Committee on the Judiciary.]
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A BILL to amend article ten, chapter sixty-four of the
code of West Virginia, one thousand nine hundred
thirty-one, as amended, by adding thereto a new
section, designated section five, relating to
authorizing the economic development authority
to
promulgate a legislative rule relating to the
general administration of the West Virginia capital
company act; and establishment of the application
procedures to implement the act.
Be it enacted by the Legislature of West Virginia:
That article ten, chapter sixty-four of the code of
West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section,
designated section five, to read as follows:
ARTICLE 10. AUTHORIZATION FOR BUREAU OF COMMERCE TO
PROMULGATE LEGISLATIVE RULES.
§64-10-5. Economic development authority.
The legislative rule filed in the state register on
the twentieth day of July, one thousand nine hundred
ninety-eight, under the authority of section five,
article one, chapter five-e, of this code, modified by
the economic development authority
to meet the objections
of the legislative rule-making review committee and
refiled in the state register on the fifth day of
November, one thousand nine hundred ninety-eight,
relating to the economic development authority
(general
administration of the West Virginia capital company act;
establishment of the application procedures to implement
the act
, 117 CSR 1), is authorized.
NOTE: The purpose of this bill is to authorize the
Economic Development Authority
to promulgate a
legislative rule relating to the General Administration
of the West Virginia Capital Company Act and
Establishment of the Application Procedures to Implement
the Act
.
This section is new; therefore, strike-throughs and
underscoring have been omitted.