WV SB537 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on February 8 2012 - 25% progression, died in committee
Action: 2012-02-08 - To Economic Development
Pending: Senate Economic Development Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 8 2012 - 25% progression, died in committee
Action: 2012-02-08 - To Economic Development
Pending: Senate Economic Development Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to create a special revenue fund, the West Virginia Sustainable Wealth Fund, consisting of twenty-five percent of the increase in state revenue generated by the natural gas and oil industry. Beginning in 2015, the money in the fund may be appropriated by the Legislature for economic diversification projects, education, workforce developments, federal matching grants and higher education.
Title
Creating WV Sustainable Wealth Fund
Sponsors
| Sen. Richard Browning [D] | Sen. Truman Chafin [D] | Sen. Dan Foster [D] | Sen. Evan Jenkins [D] |
| Sen. Jeffrey Kessler [D] | Sen. Orphy Klempa [D] | Sen. Robert Plymale [D] | Sen. Ron Stollings [D] |
| Sen. John Unger [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-08 | To Economic Development | |
| 2012-02-08 | Introduced in Senate | |
| 2012-02-08 | To Economic Development then Finance | |
| 2012-02-08 | Filed for introduction |
