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A BILL TO BE ENTITLED
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AN ACT
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relating to the transfer from the state to a county of a portion of |
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the revenue derived from oil and gas leases of land owned by the |
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county to be used by the county for road maintenance purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 52.025, Natural Resources Code, is |
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amended to read as follows: |
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Sec. 52.025. DISPOSITION OF LEASE PAYMENTS. (a) Except as |
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provided by Subsection (b), the [The] comptroller shall credit the |
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permanent school fund with amounts received from unsurveyed school |
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land and with two-thirds of the amount received from other areas and |
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shall credit the General Revenue Fund with the remaining one-third |
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of the payments for the other areas. |
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(b) The comptroller shall credit the permanent school fund |
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with two-thirds of the amount received from land owned in fee simple |
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by a county and shall remit to the county the remaining one-third of |
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the amount received from that land to be deposited to the credit of |
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the county road and bridge fund of the county and used by the county |
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only for road maintenance purposes. |
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SECTION 2. This Act takes effect September 1, 2013. |