West Virginia HB4126 modifies funding distribution for state park endowment and operational funds.

West Virginia HB4126 amends the distribution of royalties from state-owned gas, oil, and mineral rights beneath the Ohio River and its tributaries. Currently, 50% of these royalties are deposited into the West Virginia State Parks and Recreation Endowment Fund, while the other 50% goes to the State Parks Operational Fund. If the endowment fund balance reaches or exceeds $100 million, 100% of the royalties will be deposited into the operational fund. Conversely, if the endowment fund balance falls below $100 million, the 50% distribution resumes.

West Virginia HB4126 modifies funding distribution for state park endowment and operational funds.

West Virginia HB4126 amends the distribution of royalties from state-owned gas, oil, and mineral rights beneath the Ohio River and its tributaries. Currently, 50% of these royalties are deposited into the West Virginia State Parks and Recreation Endowment Fund, while the other 50% goes to the State Parks Operational Fund. If the endowment fund balance reaches or exceeds $100 million, 100% of the royalties will be deposited into the operational fund. Conversely, if the endowment fund balance falls below $100 million, the 50% distribution resumes.