The bill, S.B. No. 1001, proposes amendments to the allocation of constitutional transfers of money to various funds, specifically focusing on the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund. Key changes include the reallocation of funds previously designated for the Economic Stabilization Fund and State Highway Fund to now include the Texas STRONG defense fund. The bill also extends the expiration date for certain provisions from December 31, 2042, to December 31, 2036, and introduces a new section that establishes a grant program funded by the Texas STRONG defense fund, aimed at addressing the impacts of oil and gas production in qualifying counties.

Additionally, the bill outlines the permissible uses of the funds, which include grants for nonprofit organizations, educational institutions, and public safety enhancements in areas significantly affected by oil and gas activities. The governor is tasked with establishing the grant program and prioritizing funding for first responders and essential services. The bill is set to take effect on September 1, 2027, contingent upon voter approval of a related constitutional amendment proposed by the 89th Legislature. If the amendment is not approved, the bill will have no effect.

Statutes affected:
Introduced: Government Code 316.092, Government Code 316.093, Health and Safety Code 386.250 (Government Code 316, Health and Safety Code 386)