Issue Date: 2017-09-01
Revised Date:

Legal Cites

Origin:

Created by H.B. 2521, 84th Leg., R.S. Effective September 1, 2017.

Purpose

Created as a fund outside of the treasury, held in trust by the comptroller. Consists 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. Money is to be disbursed twice a year to the appropriate county for road maintenance purposes.

Classification Group 13: Local Trust [?]
Depository Interest Retained in fund.
Disposition of Balance Accumulative
Appropriation Technique Not appropriated

Administering Agencies

Note

Although passed by the 84th Legislature, the fund was not effective until September 1, 2017 per H.B. 2521, 84th Leg., R.S.

USAS Values

USAS Title COUNTY ROAD OIL AND GAS TRUST FUND
Consolidated Fund
State Fund Group 13 - LOCAL TRUST
USAS Status A
Funds held outside the state treasury in a trustee capacity for individuals, private organizations or other governmental entities. Includes assets belonging to individuals and other entities held temporarily in a custodial capacity.