Bill Text: TX HB4034 | 2015-2016 | 84th Legislature | Engrossed

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

Spectrum: Partisan Bill (Republican 3-0)

Status: (Engrossed - Dead) 2015-05-12 - Referred to Finance [HB4034 Detail]

Download: Texas-2015-HB4034-Engrossed.html

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By: Darby, Guillen, Fallon H.B. No. 4034

A BILL TO BE ENTITLED
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.