Tex. Nat. Resources Code Section 32.2015
Fund

(a)

The county road oil and gas fund is a trust fund outside the state treasury to be held and administered by the comptroller as trustee for the payment, without appropriation, to counties of money 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.

(b)

The land office shall deposit to the credit of the fund money received under Section 32.201 (Preferential Right to Lease Certain Land by Adjoining Mineral Owner; Allocation and Use of Payments Received from Leasing of Land Owned for County Road)(i) 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.

(c)

Interest or other income from investment of the fund shall be deposited to the credit of the fund.

(d)

Money in the fund received from the leasing of oil and gas under lands described by Subsection (b) located in a county, together with the interest or other income from investment of that money deposited to the credit of the fund, shall be disbursed at least twice each fiscal year, without appropriation, to the county treasurer or officer performing the function of that office. The county treasurer or officer shall deposit amounts received under this subsection to the credit of the county road and bridge fund of the county. Money deposited to the credit of that fund under this subsection may be used by the county only for road maintenance purposes.
Added by Acts 2015, 84th Leg., R.S., Ch. 1079 (H.B. 2521), Sec. 3, eff. September 1, 2017.

Source: Section 32.2015 — Fund, https://statutes.­capitol.­texas.­gov/Docs/NR/htm/NR.­32.­htm#32.­2015 (accessed Jun. 5, 2024).

32.001
Definitions 32.002
Application of Chapter 32.003
Application of Sunset Act 32.011
Creation of Board 32.012
Members of the Board 32.013
Terms of Appointed Members 32.014
Chairman of the Board 32.015
Per Diem and Reimbursement 32.016
Board Meetings 32.017
Secretary of the Board 32.018
Employment of Geologist and Mineralogist 32.019
Board Employees 32.020
Minutes of Board 32.021
Records and Proceedings as Archives 32.022
Inspection of Minutes and Docket 32.025
Audit 32.026
Policies on Public Hearings 32.027
Member Training 32.028
Complaints 32.061
Board’s General Duties 32.062
Adoption of Rules and Collection of Fees 32.063
Duty to Advise Commissioner 32.064
Survey or Subdivision of Land 32.065
Permits for Surveys or Investigations 32.066
Easements 32.067
Marginal Property Royalty Rates 32.101
Applicable Law 32.104
Appraisal Fee 32.105
Date for Opening Bids 32.106
Description of Land 32.107
Notice of Sale, Lease, and Contract for Development 32.109
Acceptance and Rejection of Bids 32.110
Special Sale Fee 32.111
Issuance of Award or Lease 32.112
Sale of Tax Foreclosure Property 32.113
Exemption from Certain Real Estate Transaction Laws 32.0121
Appointments Without Discrimination 32.0122
Disqualification of Lobbyists 32.0123
Conflicts of Interest Prohibited 32.151
Term of Lease 32.152
Assignment and Transfer 32.153
Lease Relinquishment 32.154
Leases Subject to Laws, Orders, and Rules 32.155
Rental and Royalty Payments 32.156
Forfeiture 32.157
Special Accounts 32.0171
Removal of Board Member 32.0191
Separation of Responsibilities 32.201
Preferential Right to Lease Certain Land by Adjoining Mineral Owner 32.202
Pooling 32.203
Compensatory Royalty 32.204
Lease Provisions 32.205
Rules 32.206
Ratifications and Other Agreements 32.207
Advertising for Bids 32.251
Authority of Board, in Conjunction with Land Office, to Trade Land 32.252
Authority of State Agency or Political Subdivision to Sell or Exchange Real Property 32.253
Purpose of Trade 32.255
Deed Required 32.256
Dedication of Acquired Land to Fund 32.257
Subsurface Mineral Rights 32.258
Report to Legislature 32.1071
Lease Sales 32.1072
Minimum Royalty, Bonus, and Rental 32.1073
Fixing Royalty, Bonus, and Rental 32.2015
Fund
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 32.2015’s source at texas​.gov