Passed 84th Regular Session:
- HB 2521 Relating to the allocation and use of payments received under oil and gas leases of land owned by the state for a county road
Synopsis: The county road oil and gas fund is a state trust fund outside the state treasury held and administered by the Comptroller as trustee. Interest or income from investment of the fund will be deposited to the fund. The General Land Office will deposit lease payments to the fund. The Comptroller will disburse money in the fund at least twice each fiscal year, without appropriation, to the appropriate county for deposit to the county’s road and bridge fund. Money deposited to the county road oil and gas fund will be used only for road maintenance purposes.