WV HB4010

Establishes a pilot loan program through the Division of Multimodal Transportation Facilities to provide financial assistance to counties, municipalities, and regional airport authorities for planning, acquiring, constructing, improving, maintaining, or operating airplane hangar facilities

Requires the division to establish eligibility standards considering site readiness, aviation educational advancement, economic impact, market demand for hangar space, and other relevant criteria

Authorizes coordination with the West Virginia Economic Development Authority, Department of Commerce, and other state and local agencies to identify funding opportunities for hangar projects

Allows the division to limit participating airports based on available funding and set rules and conditions for participation

Mandates an annual summary report on the loan program status to the Joint Committee on Government and Finance by July 1 each year