(a) The oil overcharge account is an account in the general revenue fund.
(b) The comptroller shall deposit to the credit of the account any amount received as a result of petroleum overcharge litigation relating to the overpricing of crude oil or refined petroleum products during the 1973-1981 period of mandatory federal price controls.

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Terms Used In Texas Government Code 2305.021

  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.