SB 1001 creates the Texas Severance Tax Revenue and Oil and Natural Gas (Texas STRONG) Defense Fund, dedicated to supporting areas significantly impacted by oil and gas production. The bill allocates funds derived from severance taxes to various state agencies and programs, including grants for local government and infrastructure support. Specifically, the fund provides resources for the Texas Department of Transportation for road grants, the Department of Public Safety for law enforcement, and other agencies for addressing the environmental, economic, and social impacts of the oil and gas industry. The fund will only become active if voters approve a corresponding constitutional amendment.