SRC-SLL H.C.R. 59 76(R) BILL ANALYSIS Senate Research CenterH.C.R. 59 76R5593 EFD-DBy: Eiland (Jackson) Natural Resources 4-12-1999 Engrossed DIGEST During the past 43 years, the federal government has received more than $120 billion in offshore drilling royalties, five percent of which has been allotted to the states. Currently, before the U.S. Congress is S. 25, the Conservation and Reinvestment Act of 1999, which would dedicate a larger portion of the federal offshore drilling royalties to coastal states and communities. This legislation would urge the U.S. Congress to pass S. 25, the Conservation and Reinvestment Act of 1999. PURPOSE As proposed, H.C.R. 59 submits the following resolutions: That the legislature urges the U.S. Congress to pass S. 25, the Conservation and Reinvestment Act of 1999. That the secretary of state forward official copies of this resolution to the president of the United States, to the speaker of the house of representatives and the president of the senate of the U.S. Congress, and to all the members of the Texas delegation to the congress with the request that this resolution be officially entered in the Congressional Record as a memorial to the Congress of the United States of America.