West Virginia House Bill HB2882

West Virginia 2023 Regular Session

• Introduced: 1/20/23
• Refer: 1/20/23
• Engrossed: 2/10/23
• Enrolled: 2/15/23
• Passed: 2/24/23
• Chaptered: 5/1/23

Caption

Making a supplemental appropriation to the Department of Economic Development

Impact

The bill significantly impacts the state's budget by allocating a total of $127,147,273 to different areas within the Department of Economic Development. It includes specific allocations for personal services, employee benefits, and current expenses, as well as directed transfers for broad initiatives such as the Economic Development Project Fund and the Broadband Development Fund. By facilitating these appropriations, it aims to strengthen partnerships with local economic development corporations and enhance infrastructure related to broadband access in the state.

Summary

House Bill 2882 is a legislative measure aimed at making a supplementary appropriation to the Department of Economic Development for the fiscal year ending June 30, 2023. The bill was prompted by an unappropriated surplus balance remaining in the State Treasury, which the Executive Budget Document highlighted. HB2882 allocates additional funds for various purposes, including local economic development partnerships, educational programs, and workforce grants, intended to bolster economic growth across West Virginia.

Sentiment

General sentiment surrounding HB2882 appears to be pragmatic, focusing on the need for immediate economic support following the financial assessments presented by the Governor's office. Supporters of the bill likely view it as a necessary infusion of resources aimed at revitalizing local economies and addressing urgent developmental needs. However, details regarding opposition or contention were not explicitly highlighted in the gathered snippets, suggesting a more straightforward legislative approval process without significant dissent.

Contention

There were no notable points of contention or significant debate recorded in the examination of HB2882, which indicates a relatively smooth passage through the legislative process. Its sponsorship by prominent figures, including the Speaker of the House, suggests bipartisan support or at least a lack of significant opposition. The focus on reallocation of surplus funds shows a strategic approach to enhance economic development without creating new liabilities within the state's budget.