is a permanenttrust fundwhich began operations in March 2014. It was established via the passage of SB 461 and SJR 14 to make the fundconstitutionallyprotected under. Funding comes from a 25%natural gasand oilseverance tax. Under the law, only theinterestand otherincomewill be spent, while theprincipalwill accumulate.
Beginning in 2020, the fund will start paying outdividendsto finance activities such aseducationhuman resourcedevelopment,economic developmentinfrastructuredevelopment, andtax relief. The fund is expected to reach $127 million by 2019. It will remain in the control of the West VirginiaTreasurers Office, and will be invested by the West Virginia Investment Management Board.1
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This page was last edited on 13 May 2016, at 15:11