This bill amends the Code of West Virginia to modify the powers of the Water Development Authority, specifically regarding the funding of infrastructure projects. It removes the authority's ability to fund projects that are recommended by the Secretary of Commerce, the Secretary of Economic Development, and/or the Secretary of Tourism. Instead, the bill stipulates that funding from the newly established West Virginia Economic Enhancement Grant Fund may only be used for in-state eligible projects.

Additionally, the bill introduces the Matching Grant Subaccount and the Enhancement Grant Subaccount within the Economic Enhancement Grant Fund, which will be used to provide local or state matches for federal programs and to cover costs associated with various infrastructure projects. The language also emphasizes that the Water Development Authority may enter into grant agreements with governmental agencies and not-for-profits, detailing the conditions for funding and compliance with applicable laws. Overall, the bill aims to streamline the funding process for in-state projects while limiting the scope of the Water Development Authority's funding capabilities.

Statutes affected:
Introduced Version: 22C-1-6a