Adopted by House 3-6-07
SB569 HFAT White 3-6 #1McO
Delegate White moves to amend the title of the bill as follows:
Com. Sub. For S. B. 569 -- "A BILL to amend and reenact §11- 15-18b of the Code of West Virginia, 1931, as amended; to amend said code by adding thereto a new section, designated §11-24-43a; and to amend said code by adding thereto two new sections, designated §17-16B-7a and §17-16B-7b, all relating to dedicating up to four million three hundred thousand dollars from annual collections of the corporation net income tax for construction, reconstruction, maintenance and repair of railways, the construction of railway related structures and payment of principal and interest on state bonds issued for railway purposes, as approved by the West Virginia public port authority; creating the special railroad and intermodal enhancement fund into which those funds are deposited and from which expenditures are made under the administration of the West Virginia public port authority; providing administrative procedures for the state tax commissioner's deposit of those funds; providing an expiration date for the deposit of those funds; and directing a study relating to the feasibility of the planning, development, construction and operation of the intermodal facility at Prichard, West Virginia."