HOUSE CONCURRENT RESOLUTION NO. 69
(By Delegates E. Nelson, Ambler, Anderson, Andes, Armstead, Ashley, Barrett, Butler, Campbell, Canterbury, Cowles, Craig, Ellington, E. Evans, D. Evans, Ferns, Gearheart, Hartman, Householder, Howell, Ireland, Lane, McCuskey, Miley, Miller, O'Neal, Pasdon, R. Phillips, Raines, Reynolds, Skaff, P. Smith, Sobonya, Staggers, Storch, Stowers, Sumner, Walters, White and Williams)
Requesting the Joint Committee on Government and Finance study the impact of the $200 million, more or less, in economic development grants used during the Governor Bob Wise administration.
Whereas, Economic development is vital for the continued growth and prosperity of West Virginia; and
Whereas, Recipients of economic development grants must be carefully selected in order to achieve the maximum benefit for the citizens of West Virginia; and
Whereas, It is the desire of the Legislature to provide oversight to ensure that the money of the people of West Virginia is wisely spent; and
Whereas, After nearly a decade, the opportunity to assess the effectiveness of these economic development grants is certainly ripe and timely; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance study the disposition of the $200 million, more or less, in economic development grants used during the Governor Bob Wise administration, including the name and location of the entities receiving the funds disbursed; and, be it
Further Resolved, That the committee examine and have data compiled delineating the time frame from the initial approval of these grants to the time the grants were actually invested, and the amount of state funds as a percentage of total investment in each project; and, be it
Further Resolved, That the committee shall especially consider the impact of these economic development projects upon the communities in which they were and are situated and whether they have succeeded in providing a net economic benefit to the community; and, be it
Further Resolved, That the committee shall examine whether the economic development projects actually used the funds received in a manner consistent with the original proposed use of state funds; and, be it
Further Resolved, That the committee shall consider all such information or documentation as the committee may request in order to achieve the goals of this resolution; and, be it
Further Resolved, That the committee report to the regular session of the Legislature, 2014, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it
Further Resolved, That the expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the Joint Committee on Government and Finance.