Modifying appropriation requirements of certain economic development funds

This bill modifies West Virginia's rules for allocating state funds to private businesses by requiring that any single appropriation exceeding $1 million must be approved as a separate bill in both the House of Delegates and Senate. It also prohibits splitting funding into multiple smaller appropriations (each under $1 million) that together exceed $1 million for one business, to prevent circumvention of the threshold. Additionally, the bill sets a $10 million annual cap on the Economic Development Promotion and Closing Fund and a $100 million annual cap on the Entrepreneurship and Innovation Investment Fund. These changes directly affect private businesses seeking state economic development funds and aim to increase legislative oversight of large financial commitments.