By King of Uvalde H.B. No. 736 77R3551 DAK-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the time that certain causes of action arising out of 1-3 or relating to interests in an oil and gas lease accrue. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 16.004, Civil Practice and Remedies Code, 1-6 is amended by adding Subsection (d) to read as follows: 1-7 (d) For purposes of this section, a cause of action arising 1-8 under an oil and gas lease does not accrue until the facts giving 1-9 rise to the cause of action are discovered or by the exercise of 1-10 reasonable diligence should have been discovered. 1-11 SECTION 2. This Act takes effect September 1, 2001, and 1-12 applies only to a cause of action pending or commenced on or after 1-13 that date. An action commenced before the effective date of this 1-14 Act and that is not pending on or after that date is governed by 1-15 the law applicable to the action immediately before the effective 1-16 date of this Act, and that law is continued in effect for that 1-17 purpose.