LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 22, 2021 TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1259 by Birdwell (Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Natural Resources Code to provide that a payee does not have a common law cause of action for breach of contract against a payor for withholding oil and gas payments in certain circumstances. Based on information provided by they Office of Court Administration, no significant fiscal implications to the state court system is anticipated due to implementing the provisions of the bill.The bill would take effect immediately upon enactment if it receives a two-thirds majority vote in both houses. If not, the bill would take effect September 1, 2021. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 212 Office of Court Admin, 304 Comptroller of Public Accounts, 455 Railroad Commission LBB Staff: b > td > JMc, AJL, DA, SLE, MW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 22, 2021
TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1259 by Birdwell (Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.), Committee Report 1st House, Substituted
TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1259 by Birdwell (Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.), Committee Report 1st House, Substituted
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1259 by Birdwell (Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.), Committee Report 1st House, Substituted
SB1259 by Birdwell (Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Natural Resources Code to provide that a payee does not have a common law cause of action for breach of contract against a payor for withholding oil and gas payments in certain circumstances. Based on information provided by they Office of Court Administration, no significant fiscal implications to the state court system is anticipated due to implementing the provisions of the bill.The bill would take effect immediately upon enactment if it receives a two-thirds majority vote in both houses. If not, the bill would take effect September 1, 2021.
Based on information provided by they Office of Court Administration, no significant fiscal implications to the state court system is anticipated due to implementing the provisions of the bill.
The bill would take effect immediately upon enactment if it receives a two-thirds majority vote in both houses. If not, the bill would take effect September 1, 2021.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 212 Office of Court Admin, 304 Comptroller of Public Accounts, 455 Railroad Commission
212 Office of Court Admin, 304 Comptroller of Public Accounts, 455 Railroad Commission
LBB Staff: b > td > JMc, AJL, DA, SLE, MW
JMc, AJL, DA, SLE, MW