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W.Va. Senate to vote on Future Fund to invest a percentage of state's oil and gas revenue
Reported by: Associated Press
Friday, February 21, 2014 2:16 AM EST
The Senate is scheduled to vote on a bill to invest a portion of West Virginia's oil and natural gas revenues for future infrastructure and economic development.
Senate President Jeff Kessler said he anticipates the Future Fund would help leverage money from an increasing oil and natural gas market in West Virginia.
He said if a similar investment had been created in 1975, it would be yielding an estimated $800 million in interest each year.
The Senate vote is scheduled for Friday.