LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 11, 2009 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2333 by Geren (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to authorize a municipality to lease for oil, gas, or mineral land that is a street, alley, or public square in the municipality if the lease prohibits the lessee from using the surface of the land for drilling, production, or other operations. Local Government Impact If a municipality were to implement a lease as described in the provisions of the bill, any associated revenue gain would be dependant on the financial requirements established within the lease. Source Agencies: LBB Staff: JOB, DB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 11, 2009
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2333 by Geren (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Engrossed
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2333 by Geren (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Engrossed
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2333 by Geren (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Engrossed
HB2333 by Geren (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to authorize a municipality to lease for oil, gas, or mineral land that is a street, alley, or public square in the municipality if the lease prohibits the lessee from using the surface of the land for drilling, production, or other operations.
Local Government Impact
If a municipality were to implement a lease as described in the provisions of the bill, any associated revenue gain would be dependant on the financial requirements established within the lease.
Source Agencies:
LBB Staff: JOB, DB
JOB, DB