LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 23, 2001 TO: Honorable David Sibley, Chair, Senate Committee on Business & Commerce FROM: John Keel, Director, Legislative Budget Board IN RE: SB1825 by Sibley (Relating to state energy policy and the creation, powers, and duties of the Texas Energy Policy Council.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * * * * The bill would make no appropriation but could provide the legal * * basis for an appropriation of funds to implement the provisions * * of the bill. * ************************************************************************** The bill would create the nine member Texas Energy Policy Council consisting of the chairman of the Public Utility Commission, the chairman of the Railroad Commission, the chairman of the Texas Natural Resource Conservation Commission, two state senators, two state representatives, an academic appointed by the Governor, and the executive director of the State Energy Conservation Office housed within the Comptroller of Public Accounts. The Council would be charged with the duty to establish statewide energy policy and to submit a long-term statewide energy plan to the Legislature by December 1, 2002. Recommendations for plan revisions would be submitted to the Legislature by December 1st of each even-numbered year. The bill would prohibit Council members from receiving compensation but would allow reimbursement of actual expenses. Though the bill would fund the Council through appropriations of oil overcharge funds, it is assumed that the amount of necessary reimbursement would be minimal and therefore insignificant to the total amount of oil overcharge funds. The bill would take effect on September 1, 2001. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 475 Office of Public Utility Counsel, 582 Texas Natural Resource Conservation Commission LBB Staff: JK, JO, KM