Legislation authorizes states' entrance into the Western Interstate Nuclear Compact, which aims to undertake the cooperation of participating states in deriving the optimum benefit from nuclear and related scientific or technological resources, facilities, and skills.
The West Virginia Venture Capital provides investment funds to eligible businesses stimulating economic growth and providing or retaining jobs within the state through qualified venture capital companies. Terms and conditions for funding eligibility are dependent on the varying terms of participating venture capital funds.
The West Virginia Loan Insurance Program, provides a loan insurance program in cooperation with third party lenders to assist firms that cannot obtain conventional bank financing. Up to 80% of the loan can be insured for a maximum period of four years.
The West Virginia Direct Loan Program, provides up to 45 percent in financing fixed assets through low-interest, direct loans to businesses expanding or locating in West Virginia. Proceeds from the program may be used for the acquisition of land, buildings and equipment.
This section regulates wells, borings, and underground storage with regards to protecting groundwater resources. The Commissioner of the Department of Health has jurisdiction, and can grant permits for proposed activities, including natural gas exploration and underground storage.
This section regulates activities which can occur on or below the land surface of the area surrounding a wellhead. The purpose of these regulations is to limit well contamination and preserve drinking water safety. The statute discusses the boundaries and designation of a wellhead, and grants authority to the Environmental Quality Council to adopt rules and regulations relevant to wellhead protection.
Well permits are required for the installation of wells in private and public space. Wells are defined as any trest hole, shaft, or soil excavation created by any means including, but not limited to, drilling, coring, boring, washing, driving, digging, or jetting, for purposes including, but not limited to, locating, testing, diverting, artificially recharging, or withdrawing fluids, or for the purpose of underground injection.
It is state policy to manage groundwater and surface water resources from the perspective of aquifers, watersheds, and river basins to achieve protection, preservation, enhancement, and restoration of the state's valuable groundwater and surface water resources. Chapter 103D establishes Watershed Districts across the state to implement watershed management plans. This chapter also provides procedures for construction projects proposed in watershed management districts.