This bill proposes amendments to the funding distribution of royalties from state-owned gas, oil, and mineral rights, specifically those beneath the Ohio River and its tributaries. It establishes that 50 percent of these royalties will be deposited into the West Virginia State Parks and Recreation Endowment Fund, while the other 50 percent will go to the State Parks Operational Fund. Additionally, if the balance of the endowment fund reaches or exceeds $100 million, all royalties will be redirected to the State Parks Operational Fund. Conversely, if the balance falls below $100 million, the original 50-50 distribution will resume.

The bill also outlines the purposes for which the funds can be used, including maintenance and improvement of recreational facilities and infrastructure within state parks, forests, and rail trails. It emphasizes that the board of trustees will manage the fund's investments and may use the fund's assets to support the State Parks Enhancement Loan Insurance Program, although investment income cannot be used for loan insurance. Overall, the bill aims to enhance the financial support for West Virginia's state parks through a revised royalty distribution framework.