West Virginia legislation · 2026 Regular Session
West Virginia HB4126: To modify the funding distribution to the state park endowment fund and the State Parks Operational Fund
Status: Signed into law, March 17, 2026
What the bill says
An act amend and reenact §20-5A-1 of the Code of West Virginia, 1931, as amended, relating to the distribution of royalties received from certain state-owned gas, oil, and other mineral rights. ARTICLE 5A. STATE pARKS AND RECREATION ENDOWMENT FUND. §20-5A-1. Establishment of fund; deposits; expenditures; investments; use of fund for the State Parks Enhancement Loan Insurance Program. (a) There is continued in the office of the State Treasurer a special revenue account fund to be known as the West Virginia State Parks and Recreation Endowment Fund. (b) The following shall be deposited into the.
From the enrolled text, March 10, 2026:
AN ACT amend and reenact §20-5A-1 of the Code of West Virginia, 1931, as amended, relating to the distribution of royalties received from certain state-owned gas, oil, and other mineral rights. ARTICLE 5A. STATE pARKS AND RECREATION ENDOWMENT FUND. §20-5A-1. Establishment of fund; deposits; expenditures; investments; use of fund for the State Parks Enhancement Loan Insurance Program. (a) There is continued in the office of the State Treasurer a special revenue account fund to be known as the West Virginia State Parks and Recreation Endowment Fund. (b) The following shall be deposited into the and (2) The proceeds of any gifts, grants, contributions, or other moneys accruing to the state which are specifically designated for inclusion in the fund. (c) The board of trustees established pursuant to this article shall invest the assets of the fund consistent with the provisions of §12-6-1 of this code. (d) Expenditures from the fund shall be for the purposes set forth in this section and are to be made in accordance with appropriation of the Legislature under the provisions of §12-3-1 et seq. of this code, and in compliance with the provisions of §11B-2-1 et seq. of this code as follows: (1) Income accruing from investments of the fund pursuant to this article shall be distributed or expended at the direction of the board …