This bill amends the Code of West Virginia to establish a statutory program for providing financial assistance to local airports specifically for the construction of airplane hangars. It allows the West Virginia Division of Multimodal Transportation Facilities to offer funds through grants or loans to counties, municipalities, and regional airport authorities for various airport-related activities, including planning, acquisition, and maintenance. The bill emphasizes that acceptance of these funds implies consent for reasonable use of the airport by state and federal agencies, including the National Guard.

Additionally, the bill introduces a pilot project program to set eligibility standards for receiving loaned funds, taking into account factors such as site readiness and economic impact. It allows the division to collaborate with other state agencies to explore funding opportunities and to limit the number of participating airports based on available funds. The division is also required to provide an annual report on the loan program's status to the Joint Committee on Government and Finance.

Statutes affected:
Introduced Version: 17-16F-29