LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 9, 2013 TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted No fiscal implication to the State is anticipated. The bill would amend Property Code Section 124.002 to provide that a charitable trust may not be ordered to sell its ownership of a mineral interest in a judicial proceeding unless the trust has refused to execute a reasonable mineral lease to the plaintiff or petitioner in the judicial proceeding. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council LBB Staff: UP, CL, SJS, SZ, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 9, 2013
TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted
TO: Honorable Jim Keffer, Chair, House Committee on Energy Resources
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted
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
SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted
SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Property Code Section 124.002 to provide that a charitable trust may not be ordered to sell its ownership of a mineral interest in a judicial proceeding unless the trust has refused to execute a reasonable mineral lease to the plaintiff or petitioner in the judicial proceeding.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council
212 Office of Court Administration, Texas Judicial Council
LBB Staff: UP, CL, SJS, SZ, SD
UP, CL, SJS, SZ, SD