Establishes a program for loaning financial assistance to local airports for airplane hangar construction in West Virginia.

The bill creates a statutory program for loaning financial assistance to local airports for airplane hangar construction. The West Virginia Division of Multimodal Transportation Facilities will establish a pilot project program with eligibility standards considering site readiness, aviation education, economic impact, and market demand. The division will annually report on the loan program's status to the Joint Committee on Government and Finance. The program aims to enhance economic development by cooperating with state and local agencies to explore funding opportunities.

Establishes a program for loaning financial assistance to local airports for airplane hangar construction in West Virginia.

The bill creates a statutory program for loaning financial assistance to local airports for airplane hangar construction. The West Virginia Division of Multimodal Transportation Facilities will establish a pilot project program with eligibility standards considering site readiness, aviation education, economic impact, and market demand. The division will annually report on the loan program's status to the Joint Committee on Government and Finance. The program aims to enhance economic development by cooperating with state and local agencies to explore funding opportunities.