Texas § NR.32.2015 - FUND
Full text of Texas The Texas Constitution § NR.32.2015 — FUND, with citation guidance and answers to common questions.
§ NR.32.2015. FUND
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 (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.
Frequently Asked Questions About Texas § NR.32.2015
What does The Texas Constitution § NR.32.2015 cover?
Section NR.32.2015 ("FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.32.2015?
A common citation format is "The Texas Constitution § NR.32.2015" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.32.2015 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.