West Virginia 2024 Regular Session

West Virginia House Bill HB5448

Introduced

2/5/24

Refer

2/5/24

Caption

Supplementing and amending appropriations to the West Virginia Economic Development Authority

Impact

The bill's passage is expected to allow for enhanced financial support towards affordable housing projects within West Virginia, thus potentially alleviating housing shortages in the state. This appropriation could lead to improved living conditions and access to housing for many residents, thereby addressing a pressing social issue. Furthermore, it may serve as a catalyst for economic development through the injection of funds towards construction and related industries, positively impacting local economies.

Summary

House Bill 5448 aims to supplement and amend the appropriations for the West Virginia Economic Development Authority for the fiscal year 2024. This legislation is particularly focused on addressing the unappropriated surplus balance in the State Fund, General Revenue. The bill sets forth a specific allocation of $50,000,000 towards affordable housing initiatives, emphasizing the need to support such critical areas amid varying economic challenges the state may encounter.

Sentiment

Overall sentiment regarding HB5448 appears to be positive among advocates of affordable housing and economic development. Supporters believe that the provision of additional funds will significantly benefit communities by increasing the availability of affordable housing options. However, some concerns may exist around the efficiency and effectiveness of utilizing the funds appropriately, and the long-term sustainability of the projects funded by this bill. Nonetheless, the commitment toward housing signifies a proactive approach to state challenges.

Contention

While there is general support for the bill, potential contention may arise around how the allocated funds are managed and the specific projects that will ultimately benefit. Ensuring transparency and accountability in the spending of public funds is likely to be a significant point of discussion. Additionally, as with many fiscal appropriations, debates may occur regarding the most effective use of surplus funds and potential trade-offs with other funding priorities within the state budget.

Latest WV HB5448 Activity

View All Events: WV 2024 Regular Session HB5448

Companion Bills

WV SB651

Similar To Supplementing and amending appropriations to WV Economic Development Authority

Previously Filed As

WV SB937

Supplementing and amending appropriations to Department of Economic Development

WV HB3509

Supplementing and amending appropriations to the Department of Economic Development – Office of the Secretary

WV SB1002

Supplementing and amending appropriations to DOT, Division of Highways

WV SB935

Supplementing and amending appropriations to Department of Homeland Security

WV SB1005

Supplementing and amending appropriations to Department of Education, BOE

WV SB936

Supplementing and amending appropriations to Department of Arts, Culture, and History

WV SB1008

Supplementing and amending appropriations to Department of Veterans’ Assistance

WV HB108

Supplementing and amending appropriations to the Department of Veterans’ Assistance

WV SB1003

Supplementing and amending appropriations to Governor’s Office, Civil Contingent Fund

WV HB103

Supplementing and amending appropriations to the Governor’s Office – Civil Contingent Fund

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.