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