West Virginia 2024 Regular Session

West Virginia Senate Bill SB651

Introduced

2/5/24

Refer

2/5/24

Caption

Supplementing and amending appropriations to WV Economic Development Authority

Impact

The impact of SB651 on state laws includes a clear directive to enhance budgetary allocations towards economic development, particularly focusing on housing. If passed, the bill would facilitate immediate funding for projects aimed at increasing the availability of affordable housing units. This could lead to changes in how housing initiatives are funded and prioritized in the state moving forward, fostering a more robust infrastructure to meet housing demands.

Summary

Senate Bill 651 is a financial appropriations bill designed to supplement and amend the existing funding allocated to the West Virginia Economic Development Authority for the fiscal year 2024. The bill specifically identifies an unappropriated surplus balance in the State Fund, General Revenue, which the state government aims to utilize for advancements in affordable housing through the West Virginia Housing Development Fund. This initiative reflects a commitment to address housing needs within the state by allocating a significant sum of $50 million for this purpose.

Sentiment

The sentiment surrounding SB651 appears to be generally favorable, particularly among those advocating for affordable housing solutions. Supporters argue that this bill represents a proactive step towards addressing the housing crisis many residents face, signaling the state's investment in its citizens' welfare. However, criticism may arise regarding the potential implications of increased state expenditure amidst other competing budgetary needs, which could fuel debates about fiscal responsibility and prioritization of spending.

Contention

Notable points of contention involve the allocation and sufficiency of the designated funds, as well as potential disagreements on the methods employed to distribute these resources effectively. Critics may question whether the funds will adequately address the housing crisis in a meaningful way or if they might be misallocated. Discussions may also focus on how this funding aligns with other state priorities and the long-term sustainability of financial commitments to housing initiatives.

Latest WV SB651 Activity

View All Events: WV 2024 Regular Session SB651

Companion Bills

WV HB5448

Similar To Supplementing and amending appropriations to the West Virginia 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 SB775

Expiring funds from WV Economic Development Authority

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 SB1003

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

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

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.