SB907 HFAT Anderson 4-10

Baker 3381

Delegate Anderson moved to amend Senate Bill 907 by striking out the title and substituting therefor a new title, to read as follows:

Senate Bill 907 – “A BILL to amend and reenact §31-15-23a of the Code of West Virginia, 1931, as amended, relating to the definition of "high-impact development projects" reviewed and approved by the West Virginia Economic Development Authority board; allowing for consideration of regional and local economic factors when making a determination that the loan per job ratio criteria has been met in assessing a project and the economic development assistance package proposed by the Governor; providing for up to $20 million annually to be exempted from the requirements of the high-impact development project definition and be allowable to be spent out of the Economic Development Project Fund; removing the $300 million cap on moneys available to fund high-impact development projects; and providing that the board of directors shall consider the overall availability of funds in the Economic Development Project Fund and the Industrial Development Loan Fund in making determinations related to economic development financial assistance packages for high-impact development projects.”

Adopted

Rejected