Creating First-Time Drive to Work Pilot Program

SB 911 creates a pilot program to help West Virginia residents aged 18-30 who are first-time vehicle buyers entering the workforce. It provides up to $1,500 for down payments, $450 for temporary insurance, and loan guarantees covering 50% of a vehicle loan (max $5,000), totaling $6,950 per participant. Eligible vehicles must cost under $20,000, be under 10 years old, and pass safety inspections, with participants required to use the vehicle primarily for work commutes. The program is capped at $5 million annually or 750 participants, requires annual reporting to the legislature, and prohibits vehicle sales for 24 months without approval.