SB569 HFAT White 3-6 #1McO
Delegate White moves to amend the title of the bill as
follows:
Com. Sub. For S. B. 569 -- "A BILL to amend and reenact §11-
15-18b of the Code of West Virginia, 1931, as amended; to amend
said code by adding thereto a new section, designated §11-24-43a;
and to amend said code by adding thereto two new sections,
designated §17-16B-7a and §17-16B-7b, all relating to dedicating up
to four million three hundred thousand dollars from annual
collections of the corporation net income tax for construction,
reconstruction, maintenance and repair of railways, the
construction of railway related structures and payment of principal
and interest on state bonds issued for railway purposes, as
approved by the West Virginia public port authority; creating the
special railroad and intermodal enhancement fund into which those
funds are deposited and from which expenditures are made under the
administration of the West Virginia public port authority;
providing administrative procedures for the state tax
commissioner's deposit of those funds; providing an expiration date
for the deposit of those funds; and directing a study relating to
the feasibility of the planning, development, construction and
operation of the intermodal facility at Prichard, West Virginia."