West Virginia HB4007 establishes the Industrial Access Road Fund to finance industrial access roads, raising funding limits and setting restrictions.

West Virginia HB4007 creates the Industrial Access Road Fund to finance industrial access roads. The fund receives three-fourths of one percent of state tax collections, with a cap of $6 million per fiscal year. The Division of Highways manages the fund, allocating it for industrial access roads based on traffic volume and project costs. Municipalities must request funds and negotiate with industries. The fund cannot be used for utilities, schools, hospitals, or similar facilities. It can only be used for private industrial sites and must be matched by local governments.

West Virginia HB4007 establishes the Industrial Access Road Fund to finance industrial access roads, raising funding limits and setting restrictions.

West Virginia HB4007 creates the Industrial Access Road Fund to finance industrial access roads. The fund receives three-fourths of one percent of state tax collections, with a cap of $6 million per fiscal year. The Division of Highways manages the fund, allocating it for industrial access roads based on traffic volume and project costs. Municipalities must request funds and negotiate with industries. The fund cannot be used for utilities, schools, hospitals, or similar facilities. It can only be used for private industrial sites and must be matched by local governments.