H. B. 2535
(By Delegates Hunt, Linch, Compton, Faircloth,
Jenkins and Riggs)
[Introduced February 1, 1999; referred to the Committee
on the Judiciary.]
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.
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