The bill amends the Code of West Virginia regarding the Industrial Access Road Fund, specifically sections 17-3A-1, 17-3A-2, and 17-3A-4. It clarifies the allocation and use of funds, establishing that three-fourths of one percent of state tax collections will be deposited into the fund, with a provision allowing the Commissioner of Highways to transfer an additional $3 million from the State Road Fund if deemed a prudent investment. The bill also specifies that funds can be used for constructing and maintaining industrial access roads to sites that are either already constructed, under firm contract, or approved as part of the West Virginia Business Ready Sites Program. Additionally, it introduces a 90-day response deadline for the Division of Highways to approve or comment on requests for access road locations.

Furthermore, the bill raises the maximum allocation of unmatched funds from $400,000 to $800,000 per county per fiscal year, while also increasing the maximum amount of matched funds from $150,000 to $300,000. It restricts the use of the fund for certain facilities, such as schools and shopping centers, and ensures that funds are only allocated for essential construction and engineering items necessary for traffic service. The bill aims to enhance the efficiency and effectiveness of the Industrial Access Road Fund in supporting economic development through improved infrastructure.

Statutes affected:
Introduced Version: 17-3A-1, 17-3A-2, 17-3A-4
Committee Substitute: 17-3A-1, 17-3A-2, 17-3A-4
Engrossed Committee Substitute: 17-3A-1, 17-3A-2, 17-3A-4