PERMANENT WYOMING MINERAL TRUST FUND - PWMTF
It was established in 1974 by the Wyoming Legislature, the Permanent Wyoming Mineral Trust Fund is that state's oldest and largest permanent fund, with assets of $4.2 billion as of June 30, 2009. It is funded by a portion of severance taxes on mineral revenues and occasional direct legislative appropriations, while income from the fund goes to the state general fund. The fund covers part of the costs of running the state, and also acts like an endowment for the state by conserving its wealth for future generations.
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