West Virginia legislation · 2026 Regular Session
West Virginia SB1062: Creating TEAM-WV
Status: Introduced, February 21, 2026
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §5B-12-1, §5B-12-2, §5B-12-3, §5B-12-4, §5B-12-5, §5B-12-6, §5B-12-7, §5B-12-8, §5B-12-9, and §5B-12-10; and to amend the code by adding a new section, designated §60-2-27, relating to the creation of TEAM-WV. CHAPTER 5B. ECONOMIC DEVELOPMENT ACT OF 1985. ARTICLE 12. TEAM-WV. §5B-12-1. TEAM-WV Corporation; creation; articles of incorporation. (a) As used in this article, "TEAM-WV" means the non-stock, not-for-profit corporation established in accordance with the provisions of §31E-1-101 et seq., an.
From the introduced text, February 21, 2026:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §5B-12-1, §5B-12-2, §5B-12-3, §5B-12-4, §5B-12-5, §5B-12-6, §5B-12-7, §5B-12-8, §5B-12-9, and §5B-12-10; and to amend the code by adding a new section, designated §60-2-27, relating to the creation of TEAM-WV. CHAPTER 5B. ECONOMIC DEVELOPMENT ACT OF 1985. ARTICLE 12. TEAM-WV. §5B-12-1. TEAM-WV Corporation; creation; articles of incorporation. (a) As used in this article, "TEAM-WV" means the non-stock, not-for-profit corporation established in accordance with the provisions of §31E-1-101 et seq., and includes any subsidiary of that corporation. In any section of this code that refers to TEAM-WV, reference to the corporation shall also include reference to any such subsidiary unless otherwise specified or clearly appearing from the context. (b) On or before the effective date of the enactment of this article, the Governor shall form a nonprofit corporation, to be named "TEAM-WV," with the purpose of promoting economic development, job creation, job retention, job training, and the recruitment of business to this state. Except as otherwise provided in this article, the corporation shall be organized and operated in accordance with §31E-1-101 et seq. of this code. The Governor shall sign and file articles of incorporation for the corporation with the Secretary of State. The legal existence of the corporation shall begin upon the filing …