Bill Text: WV SB589 | 2020 | Regular Session | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Creating Critical Needs/Failing Systems Sub Account

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Passed) 2020-03-07 - Approved by Governor 3/25/20 - House Journal [SB589 Detail]

Download: West_Virginia-2020-SB589-Comm_Sub.html

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WEST virginia legislature

2020 regular session

Committee Substitute

for

Senate Bill 589

Senators Prezioso, Baldwin, Beach, Facemire, Hardesty, Ihlenfeld, Jeffries, Lindsay, Palumbo, Plymale, Romano, Stollings, Unger, and Woelfel, original sponsors

[Originating in the Committee on Transportation and Infrastructure; reported on February 12, 2020]

 

 

 

 

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §31-15A-17c, relating to critical needs in state water and sewer systems; creating a Critical Needs/Failing Systems Sub Account; funding the sub account with excess uncommitted loan balances; authorizing loans or grants to address a critical immediate need of water or sewer services; and exempting the sub account from certain grant limitations.

Be it enacted by the Legislature of West Virginia:

ARTICLE 15A. WEST VIRGINIA INFRASTRUCTURE AND JOBS DEVELOPMENT COUNCIL.

§31-15A-17c. Critical Needs/Failing Systems Sub Account.

(a) The council shall direct the West Virginia Water Development Authority to establish a sub account in the Infrastructure Fund designated as the Critical Needs/Failing Systems Sub Account into which the council may instruct the West Virginia Water Development Authority to transfer from the uncommitted loan balances for each congressional district on June 30 each year up to $4 million per congressional district.

(b) The council shall direct the West Virginia Water Development Authority to make loans or grants from the Critical Needs/Failing Systems Sub Account when the council determines that a project will address a critical immediate need by:

(1) The continuation of water or sewer services;

(2) Addressing water or sewer system failure due to the age of the system; or

(3) Providing extensions to a water or sewer system that will add customers with a total project cost of less than $1 million.

(c) Grant limitations and allocations contained in §31-15A-10(b) and §31-15A-10(c) of this code do not apply to grants made from the Critical Needs/Failing Systems Sub Account.