Relating to Industrial Access Road Grant Program

SB 447 amends West Virginia's Industrial Access Road Fund to clarify spending rules and raise monetary limits. It increases the annual county allocation cap for unmatched funds from $400,000 to $800,000 and sets a $300,000 cap for matched funds. The fund can only finance roads to existing or planned industrial sites (e.g., manufacturing, distribution, or West Virginia Business Ready Sites Program locations), not schools, shopping centers, or private property. Counties must provide surety bonds if sites aren't built on time, and projects require Division of Highways approval within 90 days.