WV HB4126

Splits royalties from state-owned gas, oil, and mineral rights beneath the Ohio River and its tributaries, directing 50% to the State Parks and Recreation Endowment Fund and 50% to the State Parks Operational Fund

Once the endowment fund balance reaches or exceeds $100 million, 100% of royalties would be redirected to the State Parks Operational Fund

If the endowment fund balance drops below $100 million, the 50/50 split resumes

Current law directs all royalties to the endowment fund; this bill modifies that distribution to provide more immediate operational funding for state parks