79th Texas Legislature, Regular Session, House Bill 2217, Chapter 1098 Page: 4 of 14
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H.B. No. 2217
1 rules adopted by the groundwater conservation district, if any, in
2 which the land is located, including the statutory provisions and
3 rules governing the production and use of groundwater and the
4 transfer of groundwater out of the district.
5 SECTION 7. Sections 51.401(a) and (c), Natural Resources
6 Code, are amended to read as follows:
7 (a) The board may designate funds received from the sale of
8 permanent school fund land under this chapter and the proceeds of
9 future mineral leases and royalties generated from existing and
10 future [active] leases of permanent school fund mineral interests
11 received under Chapters 52 and 53 [of thiscock] for deposit in a
12 special fund account of the permanent school fund in the State
13 Treasury to be used by the board [to acquire y f r\ r winter
15 u]c a ef o theemanent sch l f" as provided by
16 [Section 5.1 02 of] this subchapter.
17 (c) Money received from the sale of a particular piece of
18 land [a A ia for .- i.trss. rea
19 pe-ees-ty] under this subchapter must be used by the board as
20 provided by this subchapter not later than two years after the date
21 of the sale of land from which the money is derived. Money received
22 from the lease of minerals and royalties derived from [a-ctive]
23 leases and designated for use by the board as provided by [the
24 acquisitio of n-r]t in -..p oper y . ndr] this subchapter
25 must be used by the board not later than two years after the date the
26 money is deposited in the special fund account.
27 SECTION 8. Section 51.402, Natural Resources Code, is4
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Texas. Legislature. House of Representatives. 79th Texas Legislature, Regular Session, House Bill 2217, Chapter 1098, legislative document, June 18, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth156739/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.