Establishes a legislative oversight committee to approve all West Virginia Economic Development Authority contracts.

West Virginia HB4174 creates a standing legislative oversight committee to review and approve all contracts entered into by the West Virginia Economic Development Authority. The committee, consisting of seven members, includes four members from the House of Delegates and three from the Senate. The Senate President appoints the Senate members, and the Speaker of the House appoints the House members. The committee must approve all contracts before the Economic Development Authority enters into any financial agreements with any entity. This bill takes effect on January 1, 2027.

Establishes a legislative oversight committee to approve all West Virginia Economic Development Authority contracts.

West Virginia HB4174 creates a standing legislative oversight committee to review and approve all contracts entered into by the West Virginia Economic Development Authority. The committee, consisting of seven members, includes four members from the House of Delegates and three from the Senate. The Senate President appoints the Senate members, and the Speaker of the House appoints the House members. The committee must approve all contracts before the Economic Development Authority enters into any financial agreements with any entity. This bill takes effect on January 1, 2027.