Bill-EDA, 117csr3
H. B. 4195

(By Delegates Mahan, R. Thompson, Cann,
Kominar, Armstead and Faircloth)

[Introduced January 30, 2004; referred to
the Committee on Industry and Labor, Economic Development and Small Business then the Judiciary
.]

A BILL to amend and reenact article 10, chapter 64 of the code of West Virginia, 1931, as amended, relating to authorizing the economic development authority to promulgate a legislative rule relating to the general administration of the West Virginia venture capital act.

Be it enacted by the Legislature of West Virginia:
That article 10, chapter 64 of the code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 10. AUTHORIZATION FOR BUREAU OF COMMERCE TO PROMULGATE
LEGISLATIVE RULES.
§64-10-1. Economic development authority.
The legislative rule filed in the state register on the first day of August, two thousand three, authorized under the authority of section three, article two, 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 twenty-second day of December, two thousand three, relating to the economic development authority (general administration of the West Virginia venture capital act, 117 CSR 3), 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 Venture Capital Act.

This section is new; therefore, strike-throughs and underscoring have been omitted.