West Virginia 2024 Regular Session

West Virginia Senate Bill SB640

Introduced

2/5/24

Refer

2/5/24

Caption

Supplementing and amending appropriations to Department of Economic Development, Office of Secretary

Impact

The passage of SB640 will enable the Department of Economic Development to enhance its support for county and regional economic development organizations. By establishing a matching grant program, counties can better access funds needed for projects that promote economic revitalization and local infrastructure improvements. Additionally, the bill includes earmarked funds for educational initiatives such as the Mine Training and Energy Technologies Academy, suggesting a focus on workforce development and training to meet local job market demands.

Summary

Senate Bill 640 is a supplemental appropriation bill aimed at amending the fiscal year 2024 budget for the Department of Economic Development in West Virginia. The bill addresses the distribution of surplus funds from the State Fund, General Revenue, to various programs under the Department of Economic Development. It authorizes specific allocations for initiatives such as local economic development partnerships, workforce grants, and specialized research programs. This bill represents a strategic investment in economic development, highlighting the government's intent to stimulate growth in local economies through targeted funding allocations.

Sentiment

Overall, the sentiment surrounding SB640 appears to be supportive among members who recognize the importance of fostering local economic growth through state-supported initiatives. Proponents of the bill underscore the necessity of these investments in a time of economic recovery. However, there may be concerns regarding the effectiveness and accountability of such directed funding, especially among opponents who question whether the grants will be effectively utilized to benefit the regions most in need.

Contention

Some notable points of contention might arise regarding the distribution and criteria for these appropriations. Questions could be raised about how counties are selected for grants, the transparency of the grant-awarding process, and whether the funding will address the urgent needs of economically distressed areas. Furthermore, implications of this bill might extend to discussions about the balance of state versus local control in economic initiatives, with ongoing debates about the effectiveness of government intervention in local economies.

Latest WV SB640 Activity

View All Events: WV 2024 Regular Session SB640

Companion Bills

WV HB5464

Similar To Supplementing and amending appropriations to the Department of Economic Development, Office of the Secretary

Previously Filed As

WV HB3509

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

WV SB937

Supplementing and amending appropriations to Department of Economic Development

WV HB3510

Supplementing and amending appropriations to the Department of Homeland Security – Office of the Secretary

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 SB1001

Supplementing and amending appropriations to Department of Health and Department of Human Services

WV SB1008

Supplementing and amending appropriations to Department of Veterans’ Assistance

WV SB649

Supplementing and amending appropriations to Department of Health, Office of Inspector General

WV HB108

Supplementing and amending appropriations to the Department of Veterans’ Assistance

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

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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.