Bill Text: TX HB2521 | 2015-2016 | 84th Legislature | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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.

Sponsorship: Slight Partisan Bill (Republican 7-3)

Status: (Passed) 2015-06-19 - Effective on . . . . . . . . . . . . . . . [HB2521 Detail]

Download: Texas-2015-HB2521-Introduced.html

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84R10161 JAM-F
By: Coleman H.B. No. 2521

A BILL TO BE ENTITLED
AN ACT
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 [The] comptroller shall credit 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.