SRC-MWN H.B. 1426 77(R) BILL ANALYSIS Senate Research Center H.B. 1426 77R5829 SMH-DBy: Shields (Lindsay) Natural Resources 5/8/2001 Engrossed DIGEST AND PURPOSE Previous enacted legislation extended the producing life of certain gas wells through a temporary reduction of gas royalty rates. This reduction expired September 1, 1990. H.B. 1426 repeals this now obsolete provision. RULEMAKING AUTHORITY This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. Repealer: Section 52.036 (Temporary Reduction of Gas Royalty Rates), Natural Resources Code. SECTION 2. Effective date: upon passage or September 1, 2001.