West Virginia legislation · 2026 Regular Session
West Virginia HB4010: Providing a statutory program for loaning financial assistance to local airports for airplane hangar construction in this state
Status: Passed both chambers, March 13, 2026
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a new section designated §31-15-23b, relating to providing a statutory program for providing financial assistance to local airports for airplane hangar construction in this state. ARTICLE 15. WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY. §31-15-23b. Airport hangar grant program. (a) There is hereby created a special revenue fund in the State Treasury known as the Airport Hangar Development Fund. The fund shall consist of all moneys transferred to the fund pursuant to this section from the Economic Development Project Fund.
From the engrossed text, February 26, 2026:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section designated §31-15-23b, relating to providing a statutory program for providing financial assistance to local airports for airplane hangar construction in this state. ARTICLE 15. WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY. §31-15-23b. Airport hangar grant program. (a) There is hereby created a special revenue fund in the State Treasury known as the Airport Hangar Development Fund. The fund shall consist of all moneys transferred to the fund pursuant to this section from the Economic Development Project Fund; gifts, grants, and contributions to the fund; any earnings or interest accruing to the fund; and any other moneys appropriated to the fund by the Legislature. The authority may invest and reinvest moneys in the fund with the West Virginia Investment Management Board or the Board of Treasury Investments. (b) On or before July 1, 2026, the authority shall transfer $75 million from the Economic Development Project Fund to the Airport Hangar Development Fund. (c) The authority shall use moneys in the Airport Hangar Development Fund to spur economic development in aviation repair, overhaul, assembly, and maintenance by providing grants for the construction of wide bodied hangars at airports located within the state. On or before September 1, 2026, the authority shall establish the Airport Hangar Grant Program. …