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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Lawmakers hope for ‘future fund’ after North Dakota trip

Posted on 23 August 2013

West Virginia legislators from both parties say they are hopeful about the prospects of setting up a “future fund” based on oil and gas revenues, after spending Thursday in meetings in North Dakota learning how that state’s legislature went about setting up a similar fund.
Senate President Jeff Kessler, D-Marshall, who spearheaded the trip of 19 legislators, said that he fully expects to propose legislation that would use oil and gas severance taxes to create a permanent fund for infrastructure, economic development or future tax relief………………………………………..Full Article: Source


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