By: Armbrister S.B. No. 1312 Line and page numbers may not match official copy. Bill not drafted by TLC or Senate E&E. A BILL TO BE ENTITLED AN ACT 1-1 relating to the accrual of causes of actions arising out of 1-2 interests in oil and gas leases: 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 16, Section 16.004 of the Civil Practices 1-5 and Remedies Code is amended by adding Subsection 16.004(d), to 1-6 read as follows: 1-7 (d) For the purposes of this Section, a cause of action 1-8 arising out of or relating to an interest in an oil and gas lease 1-9 does not accrue until the facts giving rise to the cause of action 1-10 are discovered or, by the exercise of reasonable diligence, should 1-11 have been discovered. In applying this subsection, what should 1-12 have been discovered in the exercise of reasonable diligence shall 1-13 be determined by the fact finder in light of the circumstances of 1-14 each particular case, regardless of whether the facts giving rise 1-15 to the cause of action are inherently undiscoverable. 1-16 SECTION 2. This act applies to all actions pending on, or 1-17 commenced on or after, the effective date of this Act. 1-18 SECTION 3. The importance of this legislation and the 1-19 crowded condition of the calendars in both houses create an 1-20 emergency and an imperative public necessity that the 1-21 constitutional rule requiring bills to be read on three several 1-22 days in each house be suspended, and this rule is hereby suspended.