LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 21, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3973 by Walle (relating to a study on abandoned oil and gas wells in this state and the use of the oil and gas regulation and cleanup fund.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would create a joint interim committee to study matters related to abandoned oil and gas wells in the state and review projected revenue to General Revenue-Dedicated Oil and Gas Regulation and Cleanup Account No. 5155. The bill would require the committee to report it's findings and recommendations to the legislature no later than December 1, 2022.Based on information provided by the Railroad Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 455 Railroad Commission LBB Staff: b > td > JMc, KK, DA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 21, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3973 by Walle (relating to a study on abandoned oil and gas wells in this state and the use of the oil and gas regulation and cleanup fund.), Committee Report 2nd House, Substituted
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3973 by Walle (relating to a study on abandoned oil and gas wells in this state and the use of the oil and gas regulation and cleanup fund.), Committee Report 2nd House, Substituted
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3973 by Walle (relating to a study on abandoned oil and gas wells in this state and the use of the oil and gas regulation and cleanup fund.), Committee Report 2nd House, Substituted
HB3973 by Walle (relating to a study on abandoned oil and gas wells in this state and the use of the oil and gas regulation and cleanup fund.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would create a joint interim committee to study matters related to abandoned oil and gas wells in the state and review projected revenue to General Revenue-Dedicated Oil and Gas Regulation and Cleanup Account No. 5155. The bill would require the committee to report it's findings and recommendations to the legislature no later than December 1, 2022.Based on information provided by the Railroad Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.
Based on information provided by the Railroad Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 455 Railroad Commission
455 Railroad Commission
LBB Staff: b > td > JMc, KK, DA
JMc, KK, DA