Providing funding for certain broadband expansion programs administered by Economic Development Authority

This bill authorizes the West Virginia Economic Development Authority to use specific state funds to support broadband expansion projects and a loan insurance program. It allows the authority to transfer money from its Economic Development Project Fund to an insurance fund to back loans provided to broadband providers for capital costs, while also permitting the use of transferred funds to finance these programs directly. The legislation mandates that any money moved for broadband loan insurance be kept in separate accounts and requires annual audits by the Legislative Auditor to ensure proper oversight.