By Bivins                                       S.B. No. 1487

      75R7697 MI-F                           

                                A BILL TO BE ENTITLED

 1-1                                   AN ACT

 1-2     relating to the repeal of the in-state need lease restriction on

 1-3     the sale of casinghead gas or natural gas out of the state.

 1-4           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

 1-5           SECTION 1.  Sections 52.291-52.294 and 52.296, Natural

 1-6     Resources Code, are repealed.

 1-7           SECTION 2.  The terms of any oil and gas lease executed

 1-8     before the effective date of this Act that impose the requirements

 1-9     of Sections 52.291-52.294 and 52.296, Natural Resources Code, are

1-10     null and void.

1-11           SECTION 3.  This Act takes effect September 1, 1997.

1-12           SECTION 4.  The importance of this legislation and the

1-13     crowded condition of the calendars in both houses create an

1-14     emergency and an imperative public necessity that the

1-15     constitutional rule requiring bills to be read on three several

1-16     days in each house be suspended, and this rule is hereby suspended.