The civic record
Read. Follow. Verify.West Virginia creates Economic Development Investment Fund using surplus state revenues
Last action · February 23, 2026: To Economic DevelopmentSponsor: Glenn Jeffries
Track this bill to get notified when it advances a stage. One tap to stop, anytime.
What This Bill Proposed
Creating Economic Development Investment Fund
The measure establishes a dedicated capital deployment pool from state budget surpluses, restricting expenditures to performance-tied investments while barring its use for government operating expenses or salary increases.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Division of Economic Development
The division is tasked with administering the Economic Development Investment Fund, executing performance agreements, and submitting an annual report to the Joint Committee on Government and Finance.
Secretary of Commerce
The Secretary is authorized to determine appropriate financial instruments for fund expenditures, including loans, equity participation, and infrastructure grants.
Joint Committee on Government and Finance
The committee receives mandatory notifications for single projects exceeding 25 percent of the fund balance and receives annual status reports from the division.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the purpose of the Economic Development Investment Fund?
Where does the money for the new fund come from?
Can the fund be used to pay for state government operating expenses or salaries?
What conditions must a project meet to receive money from the fund?
What else do you want to know?
News Coverage
Follow the record
Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in Senate committee.
Procedural history
4 actions- Feb 23, 2026SenateCommitteeTo Economic Development
- Feb 23, 2026SenateIntroducedIntroduced in Senate
- Feb 23, 2026SenateCommitteeTo Economic Development then Finance
- Feb 23, 2026SenateIntroducedFiled for introduction
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Redirecting Budget Surpluses to Capital Deployment
The legislation diverts state budget surplus revenues that previously exceeded rainy-day fund caps away from unappropriated surplus and into a dedicated long-term economic development investment fund.
Connected Entities
Sources
www.wvlegislature.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy25Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
Publisher tools