Senate Bill No. 164
(By Senators Ross, Anderson, Macnaughtan ,
Boley and Buckalew)

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[Introduced March 3, 1997; referred to the
Committee on Finance;
and then to the Committee on the Judiciary.]
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A BILL to amend article nine, 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 eight, relating to authorizing the economic development authority to promulgate a legislative rule relating to the general administration of the West Virginia capital company act: establishment of the application procedures to implement the act.

Be it enacted by the Legislature of West Virginia:

That article nine, 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 eight, to read as follows:
ARTICLE 9. AUTHORIZATION FOR MISCELLANEOUS AGENCIES AND BOARDS TO PROMULGATE LEGISLATIVE RULES.

§64-9-8. Economic development authority.
The legislative rule filed in the state register on the thirteenth day of February, one thousand nine hundred ninety-six, 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 thirteenth day of December, one thousand nine hundred ninety-six, 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: Establishment of the Application Procedures to Implement the Act.

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