LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 5, 2009 TO: Honorable Yvonne Davis, Chair, House Committee on Urban Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3288 by McReynolds (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Section 253.005(b) of 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. 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 dependent on the financial requirements established within the lease. Source Agencies: LBB Staff: JOB, DB, KJG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 5, 2009
TO: Honorable Yvonne Davis, Chair, House Committee on Urban Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3288 by McReynolds (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Introduced
TO: Honorable Yvonne Davis, Chair, House Committee on Urban Affairs
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3288 by McReynolds (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Introduced
Honorable Yvonne Davis, Chair, House Committee on Urban Affairs
Honorable Yvonne Davis, Chair, House Committee on Urban Affairs
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3288 by McReynolds (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Introduced
HB3288 by McReynolds (Relating to the lease of certain oil, gas, or mineral land by a municipality.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Section 253.005(b) of 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.
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 dependent on the financial requirements established within the lease.
Source Agencies:
LBB Staff: JOB, DB, KJG
JOB, DB, KJG