The bill proposes to amend the existing West Virginia law by renaming the West Virginia Advanced Energy and Economic Corridor Authority to the King Coal Highway Economic Advisory Board. It modifies the legislative findings to reflect the economic challenges faced by counties along the King Coal Highway due to harmful federal environmental policies affecting the coal industry. The bill also reduces the membership of the advisory board from 13 to 11 members and alters the requirements for board members, emphasizing the need for representatives with significant experience in various industries, including coal mining, oil and gas, and manufacturing.

Additionally, the bill outlines the powers and duties of the newly formed advisory board, which include setting tactical goals, fostering partnerships, and seeking governmental engagement to achieve economic development objectives. The advisory board will also be responsible for reporting its activities to the Legislature annually. The changes aim to enhance economic recovery and growth in the region by leveraging local resources and expertise while reducing regulatory obstacles.

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