TITLE: Relating to the dedication of revenue derived from the tax levied on crude petroleum production.

SUMMARY: Relating to the dedication of revenue derived from the tax levied on crude petroleum production.

FULL TEXT:
AN ACT relating to the dedication of revenue derived from the tax levied on crude petroleum production. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 81.112 Natural Resources Code, is amended to read as follows: Sec. 81.112. DISPOSITION OF TAX PROCEEDS. The tax shall be deposited in the [General Revenue Fund] oil and gas regulation and cleanup fund as provided by Section 81.067.SECTION 2. Section 81.067(c), Natural Resources Code, is amended to read as follows: (c) The fund consists of: (1) proceeds from bonds and other financial security required by this chapter and benefits under well-specific plugging insurance policies described by Section 91.104(c) that are paid to the state as contingent beneficiary of the policies, subject to the refund provisions of Section 91.1091, if applicable; (2) private contributions, including contributions made under Section 89.084; (3) expenses collected under Section 89.083; (4) fees imposed under Section 85.2021; (5) costs recovered under Section 91.457 or 91.459; (6) proceeds collected under Sections 89.085 and 91.115; (7) interest earned on the funds deposited in the fund; (8) oil and gas waste hauler permit application fees collected under Section 29.015, Water Code; (9) costs recovered under Section 91.113(f); (10) hazardous oil and gas waste generation fees collected under Section 91.605; (11) oil-field cleanup regulatory fees on oil collected under Section 81.116; (12) oil-field cleanup regulatory fees on gas collected under Section 81.117; (13) fees for a reissued certificate collected under Section 91.707; (14) fees collected under Section 91.1013; (15) fees collected under Section 89.088; (16) fees collected under Section 91.142; (17) fees collected under Section 91.654; (18) costs recovered under Sections 91.656 and 91.657; (19) two-thirds of the fees collected under Section 81.0521; (20) fees collected under Sections 89.024 and 89.026; (21) legislative appropriations; (22) any surcharges collected under Section 81.070; [and] (23) fees collected under Section 91.0115;and (24) taxes collected under Section 81.111, Natural Resources Code.SECTION 3. This Act takes effect September 1, 2015.