The Texas House of Representatives approved Reps. Brooks Landgraf, R-Odessa, and Tom Craddrick, R-Midland, GROW Texas Fund bill.
The bill, which would reinvest dollars for energy sector infrastructure and public safety, was approved Thursday by a vote of 121-13.
GROW Texas Fund bill was part of House Joint Resolution 82. It created the Generate Recurring Oil Wealth for Texas (GROW Texas).
The bill would bring state money generated by oil and gas production back to energy-producing areas throughout the state. The bill would direct state funds to improvements for roads, public safety and education.
"The regions of Texas responsible for the state’s oil and gas production have experienced significant challenges that limit the growth of the energy sector and could pose a significant threat to the long-term success of the industry and the state," Landgraf said in a statement. "It is in the best interest of Texas to protect this vital source of revenue for the state and ‘Grow Texas’ is a big step forward to address those challenges."
