WV
West Virginia House Bill HB5448

West Virginia 2024 Regular Session

West Virginia House Bill HB5448

Introduced
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 HB5448 Activity

Companion Bills

WV SB651

Similar To Supplementing and amending appropriations to WV Economic Development Authority

Previously Filed As

WV SB1029

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

WV HB141

Supplementing and amending the appropriations to the Department of Homeland Security, West Virginia State Police

WV HB119

Supplementing and amending the appropriations to the West Virginia State Senate, to the West Virginia House of Delegates, and to Joint Expenses

WV SB1041

Supplementing and amending appropriations from General Revenue to Department of Homeland Security, West Virginia State Police

WV HB3073

Supplementing and amending appropriations to Adjutant General - State Militia

WV SB753

Supplementing and amending appropriations to Adjutant General, State Militia

WV HB114

Supplementing and amending the appropriations to the PEIA

WV SB1038

Supplementing and amending appropriations from General Revenue to Adjutant General, State Militia

WV HB138

Supplementing and amending the appropriations to Miscellaneous Boards and Commissions, Adjutant General – State Militia

WV HB2928

Supplementing and amending appropriations to DHHR, Division of Health

Similar Bills

MD HB350

Budget Bill (Fiscal Year 2025)

MD SB360

Budget Bill (Fiscal Year 2025)

MD HB200

Budget Bill (Fiscal Year 2024)

MD SB181

Budget Bill (Fiscal Year 2024)

PA HB611

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, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

MD HB300

Budget Bill (Fiscal Year 2023)