LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 6, 1995 TO: Honorable Steve Holzheauser, Chair IN RE: House Bill No. 1593 Committee on Energy Resources By: Craddick House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1593 (Relating to payment for the proceeds of oil or gas production.) this office has determined the following: The bill would amend the statute to change the requirements for issuance of minimal royalty payment checks. The threshold for disbursement of royalty checks would be raised from $25 to $100, or 12 months' proceeds accumulation, regardless of the amount of royalties accumulated. No fiscal implication to the State or units of local government is anticipated. Source: Railroad Commission LBB Staff: JK, KW, DF