Texas HB263 modifies the allocation of transportation infrastructure fund grants among counties based on various oil and gas production metrics.

Texas HB263 amends the Transportation Code to change how grants from the transportation infrastructure fund are allocated among counties. The bill specifies that 10 percent of the grants should be allocated based on weight tolerance permits, 15 percent based on oil and gas production taxes, 40 percent based on horizontal well completions, 10 percent based on the volume of oil and gas waste injected, 10 percent based on regularly producing vertical wells, and 10 percent based on regularly producing horizontal wells.

Texas HB263 modifies the allocation of transportation infrastructure fund grants among counties based on various oil and gas production metrics.

Texas HB263 amends the Transportation Code to change how grants from the transportation infrastructure fund are allocated among counties. The bill specifies that 10 percent of the grants should be allocated based on weight tolerance permits, 15 percent based on oil and gas production taxes, 40 percent based on horizontal well completions, 10 percent based on the volume of oil and gas waste injected, 10 percent based on regularly producing vertical wells, and 10 percent based on regularly producing horizontal wells.