This bill proposes significant amendments to the existing West Virginia Advanced Energy and Economic Corridor Authority, renaming it the King Coal Highway Economic Advisory Board. The legislation 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. It aims to assist in the recovery of these regional economies by providing guidance to local governments and businesses, promoting entrepreneurship, and leveraging natural resources for economic growth.

Additionally, the bill reduces the membership of the advisory board from 13 to 11 members and alters the requirements for membership. It introduces new criteria for member selection, emphasizing experience in industries relevant to the region, such as coal mining, oil and gas, and manufacturing. The powers and duties of the advisory board are also updated to include setting tactical goals, fostering partnerships, and coordinating multi-county projects. The advisory board is tasked with reporting its activities annually to the Joint Committee on Government and Finance, ensuring accountability and transparency in its efforts to stimulate economic development along the King Coal Highway.

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