LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 1, 1997
TO: Honorable J.E. "Buster" Brown, Chair IN RE: Senate Bill No. 1713
Committee on Natural Resources By: Bivins
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB1713 ( Relating
to the Texas Experimental Research and Recovery Activity (TERRA)
of the Railroad Commission of Texas.) this office has detemined
the following:
Biennial Net Impact to General Revenue Funds by SB1713-As Introduced
No significant fiscal implication to the State is anticipated.
The bill would dedicate the Texas Experimental Research and
Recovery Activity (TERRA) account in the state treasury (account
#5014). The bill would amend provisions relating to when funds
received from the sale of salvage equipment and deposited into
the Oil Field Cleanup Account could be transferred to the account,
and would specify circumstances under which funds in the account
could be used for administrative and program costs.
The
bill would add a provision allowing wells scheduled for plugging
(using state funds) to be placed in the TERRA program without
a TERRA agreement, but such wells would not be licensed under
TERRA unless the owners of the mineral interest had executed
an agreement.
No fiscal implication to units of local government is anticipated.
Source: Agencies: 455 Railroad Commission
LBB Staff: JK ,BB ,JH