West Virginia Code
Article 10. West Virginia Development Achievements Transparency Act
§5B-10-3. Definitions

For the purpose of this article:
"Auditor" means the State Auditor of West Virginia, by himself or herself, or by any person appointed, designated, or approved by the State Auditor to perform the service.
"Business type" means the legal form of organization of a corporate parent or recipient corporation, including, but not limited to, a corporation, partnership, sole proprietorship, or limited liability company.
"Corporate parent" means any person, association, corporation, joint venture, partnership, or other entity that owns or controls 50 percent or more of a recipient corporation.
"Confidential information" means any internal, deliberative, preliminary, proprietary, personal, or protected economic development or taxpayer information as defined in 5B-10-6 of this code, 11-10-5d of this code, or Chapter 29B of this code, that is exempt from public disclosure.
"Date of subsidy" means the date that a granting body provides the initial monetary value of a development subsidy to a recipient corporation: Provided, That where the subsidy is for the installation of new equipment, such date shall be the date the recipient corporation puts the equipment into service: Provided, however, That where the subsidy is for improvements to property, such date shall be the date the improvements are finished, or the date the recipient corporation occupies the property, whichever is earlier.
"Development subsidy" means any financial transaction of public funds with an aggregate value of at least $10,000 for the purpose of stimulating economic development within the state, including, but not limited to, bonds, grants, loans, loan guarantees, enterprise zones, empowerment zones, tax increment financing, sponsorships, fee waivers, land price subsidies, matching funds, tax abatements, tax exemptions, and tax credits.
"Duration of subsidy" means as many years as a subsidy benefits a recipient corporation, such as the time period of a grant, the number of years a tax credit may be claimed and/or carried forward, the number of years or term length of a loan, or the number of years a property tax reduction applies.
"Fulltime job" means a job in which an individual is employed by a recipient corporation for at least 35 hours per week.
"Granting body" means any agency, board, office, publicprivate partnership, public benefit corporation or authority of the state or local government that provides a development subsidy to a recipient corporation.
"NAICS code" means the assigned code maintained by the North American Industry Classification System which describes a particular industry.
"New Employee" means a fulltime employee who represents a net increase in the number of individuals employed by the recipient corporation in the state. "New employee" does not include an employee who performs a job that was previously performed by another employee of the recipient corporation if that job existed for at least six months before hiring the employee.
"Official report" means a formal, written report prepared by a granting body delivered to a third party, including, but not limited to, the Joint Committee on Government and Finance, Governors Office, or the public.
"Parttime job" means a job in which an individual is employed by a recipient corporation for less than 35 hours per week.
"Project site" means the site of a project for which any development subsidy is provided, as specified by street address, city name, and zip code.
"Recipient corporation" means any person, association, corporation, joint venture, partnership or other entity that receives a development subsidy.
"Subsidy type" means the classification of a development subsidy transaction, including, but not limited to, bonds, grants, loans, loan guarantees, enterprise zones, empowerment zones, tax increment financing, grants, fee waivers, land price subsidies, matching funds, tax abatements, tax exemptions, and tax credits.
"Subsidy value" means the face value of any and all development subsidies provided to a recipient corporation. The face value of a loan means the amount of the loan.
"Temporary job" means a job in which an individual is hired for a season or for a limited period of time.