This bill proposes significant amendments to the King Coal Highway Economic Advisory Board Act, which includes renaming the existing West Virginia Advanced Energy and Economic Corridor Authority to the King Coal Highway Economic Advisory Board. The bill modifies the legislative findings to emphasize the economic damages faced by counties along the King Coal Highway due to harmful federal environmental policies affecting the coal industry. It aims to assist in the recovery of these regional economies by providing guidance to local governments and businesses, reducing regulatory obstacles, and leveraging natural resources for economic growth.

Additionally, the bill reduces the membership of the advisory board from 15 to 11 members and alters the requirements for board members to include specific representatives with extensive experience in various industries, such as coal mining, oil and gas, and manufacturing. The powers and duties of the advisory board are also updated to focus on setting tactical goals, fostering partnerships, and seeking guidance for economic development initiatives. The advisory board is required to submit an annual report detailing its activities and recommendations for enhancing economic development along the King Coal Highway.

Statutes affected:
Introduced Version: 5B-11-1, 5B-11-2, 5B-11-3, 5B-11-4