West Virginia HB5272 allocates $250 million from the Revenue Shortfall Fund and Income Tax Reserve Fund to the West Virginia Flood Resiliency Trust.
West Virginia HB5272 authorizes the allocation of $250 million from the state's Revenue Shortfall Fund and Income Tax Reserve Fund to the West Virginia Flood Resiliency Trust Fund. This fund is intended to initiate investments in flood prevention initiatives to mitigate the impact of severe flooding in the state. The bill outlines a one-time allocation to jumpstart the State Resiliency and Flood Protection Act, enabling the State Resiliency Office to assist areas prone to flooding.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.