Providing a statutory program for loaning financial assistance to local airports for airplane hangar construction in this State

HB 2183 creates a state loan program for local airports to fund hangar construction. It authorizes the West Virginia Division of Multimodal Transportation to provide loans (not grants) to counties, municipalities, and regional airport authorities for hangar facilities. The bill establishes a pilot program with eligibility criteria including site readiness, economic impact, and market demand, and requires annual reports to the Joint Committee on Government and Finance. This policy directly affects local airports seeking capital for hangar infrastructure, aiming to support aviation-related economic development in the state.