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SB 907 West Virginia Senate · 2025 Regular Session

Relating to high impact development projects

This bill modifies how West Virginia defines and funds high-impact development projects, which are large-scale initiatives requiring at least $50 million in private investment and state assistance. It allows the state to consider local economic conditions when evaluating loan-to-job ratios and creates a $20 million annual exemption from strict project criteria to support smaller initiatives. The legislation removes the previous $300 million funding cap for these projects and requires the Economic Development Authority to assess overall fund availability before approving financial assistance packages.
Bill status signed all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House of Delegates Passage
Apr 2025
Signed into Law
Aug 2025
Introduced Mar 24, 2025 Signed Aug 8, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

sb907 hfa criss 4-8 _1 adopted.htm → sb907 hfat anderson 4-10 adopted.htm · 3 edits
MINOR
The bill was amended to increase the annual funding exemption for high-impact development projects from $20 million to $20 million (no change in amount), remove the $300 million cap on available funds, and update the title to reflect these changes. The amendment also clarifies that the Economic Development Authority board will consider regional economic factors when assessing loan-to-job ratios and overall fund availability.
Scope change
The bill's scope was expanded to remove the $300 million funding cap and allow for more flexible assessment of economic development projects based on regional factors.
FISCAL

Removed the $300 million cap on moneys available to fund high-impact development projects, allowing for greater flexibility in funding allocations.

ELIGIBILITY

Added provision allowing the Economic Development Authority board to consider regional and local economic factors when determining if loan-per-job ratio criteria are met.

DEFINITION

Updated the bill title to reflect the new provisions regarding funding exemptions and economic development assistance packages.

Floor votes · Senate Mar 29, 2025 · House of Delegates Apr 10, 2025

How they voted

30–2
Passed · 1 other
Total votes 33
Mar 29, 2025
D Democratic2
2 Yea
100% Yea
R Republican31
28 Yea 2 Nay 1
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
42
Key actions
11
Committee
5
Amendments
1
Apr 25, 2025
Signed into law
Approved by Governor 4/25/2025
upper
Apr 12, 2025
Signed into law
Approved by Governor 4/25/2025 - House Journal
lower
Apr 12, 2025
Signed into law
Approved by Governor 4/25/2025 - Senate Journal
upper
Apr 12, 2025
Upper · Passed
Senate concurred in House amendments and passed bill (Roll No. 580)
upper
Apr 10, 2025
Lower · Passed
Title amendment adopted (Voice vote)
lower
Apr 10, 2025
Lower · Passed
Passed House (Roll No. 469)
lower
Apr 9, 2025
Lower · Passed
Committee amendment adopted (Voice vote)
lower
Apr 9, 2025
Lower · Passed
Amendment adopted (Voice vote)
lower
Apr 9, 2025
Introduced
Amendment reported by the Clerk
lower
Apr 4, 2025
Lower · Passed
With amendment, do pass
lower
Mar 31, 2025
Committee
To House Energy and Public Works
lower
Mar 31, 2025
Introduced
Introduced in House
lower
Mar 29, 2025
Upper · Passed
Passed Senate (Roll No. 241)
upper
Mar 27, 2025
Upper · Passed
Reported do pass
upper
Mar 24, 2025
Introduced
Introduced in Senate
upper
Mar 24, 2025
Committee
To Economic Development
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.