Friday, May 17, 2024
Friday, May 17, 2024

Senate Passes Bill Establishing the West Virginia Research Trust Fund

Two communications received from the House of Delegates, House Bill 4074 and House Bill 4368, were taken up for immediate consideration and read a first time. The Finance Committee reported six bills that were read a first time, the Judiciary Committee reported one bill taken up for immediate consideration and the Interstate Cooperation Committee reported one bill read a first time.

The Senate also adopted Senate Resolution 24 which honored Jack L. Miller, former member of the House of Delegates (1960-62) as well as former Senator (1962-69). He also served as Commissioner of Finance and Administration from 1969-1970.

17 Senate bills on third reading were passed and sent to the House for consideration thus far with Senate Bill 594 being laid over one day. One of the bills advanced, Senate Bill 101, would exempt nonprofit companies who provide electricity from paying property tax. In addition, Senate Bill 287, would establish directed research endowment funds at Marshall University and West Virginia University to help promote research, scholarship and economic development. This bill would provide that private donations are matched by the allocation and distribution of money from the new West Virginia Research Trust Fund.

The Senate is in recess until 1:00 p.m.

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