LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                        February 20, 1995



 TO:     Honorable Steve Holzheauser, Chair     IN RE:  House Joint
         Committee on Energy Resources          Resolution
         House of Representatives                              No. 30
         Austin, Texas                                  By: Cook








FROM: John Keel, Director

In response to your request for a Fiscal Note on House Joint
Resolution No. 30 (Proposing a constitutional amendment
authorizing the commissioner of the General Land Office to issue
mineral patents for certain university fund land held in good
faith under color of title for at least 50 years.) this office
has determined the following:

The bill would  propose a constitutional amendment that would
authorize the General Land Office to issue mineral patents for
certain university fund land held in good faith under color of
title for at least 50 years upon application to the Board of
Regents of The University of Texas.  The application for a patent
under the provisions of this bill must be filed with the Board of
Regents of The University of Texas before January 1, 1998.

It is estimated that if the constitutional amendment passes the
bill would have a one-time cost to the Permanent University Fund
of $300,000 to $400,000 based on undeveloped minerals.  However,
if the production were to be established, the potential cost to
the Permanent University Fund could exceed that estimate and
cannot be determined.

The cost to the State for publication of the resolution is
$90,000.


No fiscal implication to units of local government is
anticipated.    





 

Source:   The University of Texas System
          LBB Staff: JK, LS, DF