Texas Senate Bill SB1817

Texas 2017 - 85th Regular

Caption

Relating to the deposit of the gas utility pipeline tax to the credit of the oil and gas regulation and cleanup fund.

Impact

The enactment of SB1817 is expected to have a significant impact on state laws related to oil and gas operations. It modifies provisions in the Natural Resources Code to align with funding requirements, thereby potentially increasing the resources available for oversight and intervention in hazardous situations. This move may improve overall safety and environmental protection measures by ensuring that adequate funds are available for necessary regulatory actions and cleanup efforts. Additionally, it suggests a prioritization of financial support for the oversight infrastructure associated with Texas's oil and gas industry.

Summary

SB1817 is an act that specifically addresses the deposit of the gas utility pipeline tax to the credit of the oil and gas regulation and cleanup fund in Texas. The primary aim of this bill is to streamline the funding process for the regulation and cleanup associated with oil and gas operations. By amending existing laws, it ensures that the tax collected under this chapter is allocated directly to support the fund that manages the regulatory requirements and remediation activities for the oil and gas sector. This legislative adjustment may enhance the state’s ability to handle environmental issues arising from oil and gas extraction and transport activities.

Contention

While SB1817 appears to be largely procedural, discussions around its implications may lead to differing viewpoints among stakeholders. Supporters of the bill might view it as a vital step towards strengthening regulation in the oil and gas sector, emphasizing the importance of funding for environmental remediation efforts. Conversely, critics may argue that the bill could facilitate continued industry practices that are detrimental to the environment, thereby insufficiently addressing broader concerns regarding sustainability and ecological impacts. Therefore, the debate around this bill may encapsulate larger issues related to energy policy and environmental protection.