Bill Text: TX HB2799 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the transfer from the state to a county of a portion of the revenue derived from oil and gas leases of land owned by the county to be used by the county for road maintenance purposes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-03-18 - Referred to Appropriations [HB2799 Detail]
Download: Texas-2013-HB2799-Introduced.html
83R657 SMH-D | ||
By: Raymond | H.B. No. 2799 |
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relating to the transfer from the state to a county of a portion of | ||
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 [ |
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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) The comptroller shall credit the permanent school fund | ||
with two-thirds of the amount received from land owned in fee simple | ||
by a county and shall remit to the county the remaining one-third of | ||
the amount received from that land to be deposited to the credit of | ||
the county road and bridge fund of the county and used by the county | ||
only for road maintenance purposes. | ||
SECTION 2. This Act takes effect September 1, 2013. |