Bill Text: TX HB2521 | 2015-2016 | 84th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the allocation and use of payments received under oil and gas leases of land owned by the state for a county road.
Spectrum: Slight Partisan Bill (Republican 7-3)
Status: (Passed) 2015-06-19 - Effective on . . . . . . . . . . . . . . . [HB2521 Detail]
Download: Texas-2015-HB2521-Engrossed.html
Bill Title: Relating to the allocation and use of payments received under oil and gas leases of land owned by the state for a county road.
Spectrum: Slight Partisan Bill (Republican 7-3)
Status: (Passed) 2015-06-19 - Effective on . . . . . . . . . . . . . . . [HB2521 Detail]
Download: Texas-2015-HB2521-Engrossed.html
84R10161 JAM-F | ||
By: Coleman, Cyrier, Schubert, Morrison, | H.B. No. 2521 | |
Cook, et al. |
|
||
|
||
relating to transferring from the state to a county the revenue | ||
derived from oil and gas leases of land owned by the county to be | ||
used by the county for road maintenance purposes. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 52.025, Natural Resources Code, is | ||
amended to read as follows: | ||
Sec. 52.025. DISPOSITION OF LEASE PAYMENTS. (a) Except as | ||
provided by Subsection (b), the [ |
||
permanent school fund with amounts received from unsurveyed school | ||
land and with two-thirds of the amount received from other areas and | ||
shall credit the General Revenue Fund with the remaining one-third | ||
of the payments for the other areas. | ||
(b) To the extent permissible under the Texas Constitution, | ||
the comptroller shall remit to a county the amount received from | ||
land owned in fee simple by the county. Money remitted to a county | ||
under this section shall be deposited to the credit of the county | ||
road and bridge fund of the county and may be used by the county only | ||
for road maintenance purposes. | ||
SECTION 2. This Act takes effect September 1, 2015. |