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. The bill modifies existing legal language to replace references to the Economic Stabilization Fund and State Highway Fund with provisions for the Texas STRONG defense fund. Key changes include the adjustment of allocations to ensure that funds are proportionately distributed among the Texas STRONG defense fund, the oil and gas regulation and cleanup account, and the Texas emissions reduction plan fund, while also establishing a new grant program aimed at addressing the impacts of oil and gas production in qualifying counties.

Additionally, the bill outlines the permissible uses of the funds, allowing for appropriations to various state departments and programs, including the governor's office, the Texas Department of Transportation, and the Department of Public Safety. The legislation emphasizes the need for a grant program to support nonprofit organizations and local governments in areas significantly affected by oil and gas production. The act is set to take effect on September 1, 2027, contingent upon the approval of a related constitutional amendment by voters. If the amendment is not approved, the act will have no effect.

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