LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 15, 2013 TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1094 by Hinojosa (Relating to security interests in oil and gas production and its proceeds.), As Engrossed No significant fiscal implication to the State is anticipated. The bill amends Chapter 9 of the Texas Business and Commerce Code. The bill makes changes to the perfection and priority of security interests. The bill takes effect immediately with two-thirds vote or September 1, 2013. Local Government Impact Local governments may be impacted if they have security interests in oil and gas production. Source Agencies:455 Railroad Commission LBB Staff: UP, SZ, SD, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 15, 2013
TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1094 by Hinojosa (Relating to security interests in oil and gas production and its proceeds.), As Engrossed
TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1094 by Hinojosa (Relating to security interests in oil and gas production and its proceeds.), As Engrossed
Honorable Jim Keffer, Chair, House Committee on Energy Resources
Honorable Jim Keffer, Chair, House Committee on Energy Resources
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1094 by Hinojosa (Relating to security interests in oil and gas production and its proceeds.), As Engrossed
SB1094 by Hinojosa (Relating to security interests in oil and gas production and its proceeds.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill amends Chapter 9 of the Texas Business and Commerce Code. The bill makes changes to the perfection and priority of security interests. The bill takes effect immediately with two-thirds vote or September 1, 2013.
Local Government Impact
Local governments may be impacted if they have security interests in oil and gas production.
Source Agencies: 455 Railroad Commission
455 Railroad Commission
LBB Staff: UP, SZ, SD, KK
UP, SZ, SD, KK