LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 9, 2023 TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB785 by Birdwell (relating to the ownership of the geothermal energy and associated resources below the surface of land.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. It is assumed that any costs associated with the bill could be absorbed using existing resources and that any changes to revenues generated as result of provisions of the bill would not be signficant. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 305 General Land Office and Veterans' Land Board, 455 Railroad Commission, 582 Commission on Environmental Quality LBB Staff: b > td > JMc, MOc, MW, EJ, CMA, DKN
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 9, 2023
TO: Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB785 by Birdwell (relating to the ownership of the geothermal energy and associated resources below the surface of land.), 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: SB785 by Birdwell (relating to the ownership of the geothermal energy and associated resources below the surface of land.), 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
SB785 by Birdwell (relating to the ownership of the geothermal energy and associated resources below the surface of land.), Committee Report 1st House, Substituted
SB785 by Birdwell (relating to the ownership of the geothermal energy and associated resources below the surface of land.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources and that any changes to revenues generated as result of provisions of the bill would not be signficant.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 305 General Land Office and Veterans' Land Board, 455 Railroad Commission, 582 Commission on Environmental Quality
305 General Land Office and Veterans' Land Board, 455 Railroad Commission, 582 Commission on Environmental Quality
LBB Staff: b > td > JMc, MOc, MW, EJ, CMA, DKN
JMc, MOc, MW, EJ, CMA, DKN