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House Bill 2521 |
House Author: Coleman et al. |
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Effective: 9-1-17 |
Senate Sponsor: Uresti et al. |
House Bill 2521 amends the Natural Resources Code to create the county road oil and gas fund, consisting of payments received from the leasing of oil and gas under lands owned by the state that were or may be acquired by a county to construct a county road, and to require the comptroller to disburse money in the fund to the county treasurer or officer performing the function of that office for deposit in the county's road and bridge fund. The bill requires an oil and gas lease under such land that is entered into on or after the bill's effective date to require any payment under the lease to be made directly to the county treasurer, or another officer performing the function of that office, in the county in which the land is located for deposit into the county's road and bridge fund. The use of money in a county's road and bridge fund is restricted to road maintenance purposes.