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WV SB476

WV SB476
Relating to permissible expenditures by Water Development Authority from Infrastructure Fund


summary

Introduced
02/14/2025
In Committee
02/14/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to increase permissible expenditures by the Water Development Authority from the Infrastructure Fund; modify the upper limit of funds which may be transferred to sub account; raising the cap on total project costs for certain facilities for use of Critical Needs and Failing Systems Sub Account funding; and allow the authority to grant infrastructure grant money from the Critical Needs and Failing Systems Sub Account to certain projects for the upgrading of a water facility or wastewater facility to reduce maintenance costs, operations costs, or waterline leakages.

AI Summary

This bill modifies the Water Development Authority's ability to use the Critical Needs and Failing Systems Sub Account within the Infrastructure Fund. Specifically, the bill increases the maximum annual transfer to this sub account from $12 million to $14 million and expands the types of projects that can receive funding. The new provisions allow the authority to make loans or grants for projects that not only address critical water and wastewater service needs or facility failures, but also now include projects that extend water or wastewater facilities to add customers (with a total project cost under $3 million, increased from the previous $2 million limit) and projects that upgrade water or wastewater facilities to reduce maintenance costs, operational expenses, or waterline leakages (with a total project cost under $300,000). Additionally, the bill removes existing grant limitation restrictions for funds from this sub account, giving the Water Development Authority more flexibility in allocating these resources to address critical infrastructure needs in water and wastewater systems.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

To Finance (on 02/14/2025)

bill text


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