LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 27, 2017 TO: Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1422 by Estes (Relating to the protection and use of intellectual property by the Railroad Commission of Texas.), As Introduced The bill would have a positive fiscal impact that cannot be determined at this time because the value of any intellectual property that the Railroad Commission would register under the provisions of the bill is not known. The bill would amend the Natural Resources Code to allow the Railroad Commission to seek legal status for its intellectual property, including patents, copyrights, and trademarks, and to contract for the use of its intellectual property by others. Any revenue collected for use of the agency's intellectual property would be deposited to General Revenue-Dedicated Oil and Gas Cleanup and Regulation Account Fund 5155. The bill would have a positive impact; however the amount of revenue that would be generated under the provisions of the bill cannot be determined at this time as the value of any intellectual property the Railroad Commission might register is not known.This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.The bill would take effect immediately upon receiving a two-thirds majority vote in both houses; otherwise the bill would take effect September 1, 2017. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 455 Railroad Commission LBB Staff: UP, SZ, MW, PBO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 27, 2017
TO: Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1422 by Estes (Relating to the protection and use of intellectual property by the Railroad Commission of Texas.), As Introduced
TO: Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1422 by Estes (Relating to the protection and use of intellectual property by the Railroad Commission of Texas.), As Introduced
Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1422 by Estes (Relating to the protection and use of intellectual property by the Railroad Commission of Texas.), As Introduced
SB1422 by Estes (Relating to the protection and use of intellectual property by the Railroad Commission of Texas.), As Introduced
The bill would have a positive fiscal impact that cannot be determined at this time because the value of any intellectual property that the Railroad Commission would register under the provisions of the bill is not known.
The bill would have a positive fiscal impact that cannot be determined at this time because the value of any intellectual property that the Railroad Commission would register under the provisions of the bill is not known.
The bill would amend the Natural Resources Code to allow the Railroad Commission to seek legal status for its intellectual property, including patents, copyrights, and trademarks, and to contract for the use of its intellectual property by others. Any revenue collected for use of the agency's intellectual property would be deposited to General Revenue-Dedicated Oil and Gas Cleanup and Regulation Account Fund 5155. The bill would have a positive impact; however the amount of revenue that would be generated under the provisions of the bill cannot be determined at this time as the value of any intellectual property the Railroad Commission might register is not known.This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.The bill would take effect immediately upon receiving a two-thirds majority vote in both houses; otherwise the bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 455 Railroad Commission
304 Comptroller of Public Accounts, 455 Railroad Commission
LBB Staff: UP, SZ, MW, PBO
UP, SZ, MW, PBO