GROW Fund to Return Money to Texas Oil & Gas Areas, Passes House Second Reading

May 9, 2019

 

A bill to bring some oil and gas money back home to oil producing areas moved through the Texas House on Thursday, a week after Rep. Tom Craddick‘s HJR 82 was passed.

Rep. Craddick’s and Rep. Brooks Landraf’s HB 2154 (amended) is intended to help with road and public safety improvements and educational enhancements in Texas energy producing areas and would also attempt to lower infrastructure bottlenecks at ports.

It passed second reading on Thursday.

House Joint Resoiution 82, from Rep. Craddick along with Representatives Landgraf, Nevarez, Paddie and Guillen,also is intended to return money paid through severance taxes to oil and gas areas.

The bill and resolution would create the Generate Recurring Oil Wealth for Texas Fund, to be known as the “GROW Texas Fund.”