West Virginia Senate Bill 42 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 5-0)
Status: Vetoed on March 25 2010 - 100% progression
Action: 2010-03-20 - Vetoed by Governor 3/25/10 - House Journal

The purpose of this bill is to revise the Municipal Economic Opportunity Development District Act to enhance the Act's ability to generate economic development in this state. These revisions include: defining the term "affordable housing"; allowing all municipalities to be eligible to create such districts; including the remediation of former coal mining sites as permissible development expenditures; allowing a municipality to establish reserves related to its financing plans that are consistent with prevailing capital market conditions as opposed to ordinary capital market conditions; requiring the Development Office to determine whether the development enabled by such districts should include a component of affordable housing; allowing the Development Office to decrease the minimum percentage of tax increment revenue deposited into the General Revenue Fund from twenty percent to ten percent in certain specified circumstances; and revising the act to correct errors and inconsistencies contained therein.

Revising Municipal Economic Opportunity Development District Act

Sen. Truman Chafin [D]	Sen. Dan Foster [D]	Sen. Brooks McCabe [D]	Sen. Corey Palumbo [D]
Sen. John Unger [D]

Date	Chamber	Action
2010-03-20		Vetoed by Governor 3/25/10 - House Journal
2010-03-20		Vetoed by Governor 3/25/10 - Senate Journal
2010-03-25		Vetoed by Governor 3/25/10
2010-03-19		To Governor 3/19/10 - House Journal
2010-03-19		To Governor 3/19/10 - Senate Journal
2010-03-19		To Governor 3/19/10
2010-03-12		House received Senate message
2010-03-11		Completed legislative action
2010-03-11		Communicated to House
2010-03-11		Senate concurred in House amendment and passed bill (Roll No. 1)
2010-03-10		Communicated to Senate
2010-03-10		Title amendment adopted (Voice vote)
2010-03-10		Passed House (Roll No. 229)
2010-03-10		Read 3rd time
2010-03-10		On 3rd reading, Special Calendar
2010-03-09		Committee amendment adopted (Voice vote)
2010-03-09		Read 2nd time
2010-03-09		On 2nd reading, Special Calendar
2010-03-08		Read 1st time
2010-03-08		From House Calendar, 1st reading, placed on Special Calendar
2010-03-05		With amendment, do pass
2010-02-25		To House Finance
2010-02-25		To Finance
2010-02-25		Introduced in House
2010-02-24		Ordered to House
2010-02-24		Passed Senate (Roll No. 2)
2010-02-24		Read 3rd time
2010-02-24		On 3rd reading
2010-02-23		Read 2nd time
2010-02-23		On 2nd reading
2010-02-22		Read 1st time
2010-02-22		On 1st reading
2010-02-19		Reported do pass
2010-01-22		To Finance
2010-01-22		Reported do pass, but first to Finance
2010-01-13		To Economic Development
2010-01-13		To Economic Development then Finance
2010-01-13		Introduced in Senate
2010-01-13		To Economic Development then Finance
2010-01-13		Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
8	38	10	Amended Code	Citation Text
8	38	12	Amended Code	Citation Text
8	38	15	Amended Code	Citation Text
8	38	16	Amended Code	Citation Text
8	38	17	Amended Code	Citation Text
8	38	20	Amended Code	Citation Text
8	38	3	Amended Code	Citation Text
8	38	4	Amended Code	Citation Text
8	38	5	Amended Code	Citation Text
8	38	7	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=42&year=2010&sessiontype=RS&btype=bill