This bill aims to amend the Code of West Virginia by introducing a new section, 5-1A-6, which prohibits the use of taxpayer funds to subsidize private enterprises. The bill defines "private enterprise" as any business or industry managed by independent companies or private individuals, rather than by the state.

The legislation stipulates that, effective July 1, 2025, state funds originating from taxpayers will no longer be allowed to subsidize any current or future private enterprises. This move is intended to ensure that taxpayer money is not used to support private businesses, thereby promoting fiscal responsibility and accountability in the use of public funds.

Statutes affected:
Introduced Version: 5-1A-6