HB4001 is a bill in the West Virginia Legislature (2026 Regular Session): Creating TEAM-WV Corporation.

What is the status of HB4001?

Passed one chamber as of March 4, 2026. Latest action: To Finance (March 10, 2026).

Who sponsored HB4001?

Riley, Clay (R, 072), with 2 co-sponsors.

Where is the official record for HB4001?

On the West Virginia Legislature website: https://www.wvlegislature.gov/bill_status/Bills_history.cfm?input=4001&year=2026&sessiontype=RS&btype=bill

West Virginia legislation · 2026 Regular Session

West Virginia HB4001: Creating TEAM-WV Corporation

Q: What does HB4001 do?

In its own words: 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 said code by adding a new section, designated §60-2-27, all relating to the creation of TEAM-WV; providing for articles of incorporation; authorizing certain agreements between TEAM-WV and the department of commerce and the alcohol beverage control commission. CHAPTER 5B. ECONOMIC DEVELOPMENT ACT OF 1985. ARTICLE 12. TEAM-WV. §5B-12-1. TEAM-WV Corporation; creation; articles of inco.

Status: Passed one chamber, March 4, 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 said code by adding a new section, designated §60-2-27, all relating to the creation of TEAM-WV; providing for articles of incorporation; authorizing certain agreements between TEAM-WV and the department of commerce and the alcohol beverage control commission. CHAPTER 5B. ECONOMIC DEVELOPMENT ACT OF 1985. ARTICLE 12. TEAM-WV. §5B-12-1. TEAM-WV Corporation; creation; articles of inco.

From the engrossed text, February 26, 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 said code by adding a new section, designated §60-2-27, all relating to the creation of TEAM-WV; providing for articles of incorporation; authorizing certain agreements between TEAM-WV and the department of commerce and the alcohol beverage control commission. 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., of this code 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 …

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West Virginia HB4001: Creating TEAM-WV Corporation

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