TO: | Honorable George "Buddy" West, Chair, House Committee on Energy Resources |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB183 by Merritt (Relating to a requirement that the Bureau of Economic Geology of The University of Texas at Austin conduct a study of the East Texas Oil Field. ), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | ($1,426,488) |
2005 | ($589,142) |
2006 | $0 |
2007 | $0 |
2008 | $0 |
Fiscal Year | Probable (Cost) fromGENERAL REVENUE FUND 1 |
Change in Number of State Employees from FY 2003 |
---|---|---|
2004 | ($1,426,488) | 12.4 |
2005 | ($589,142) | 4.8 |
2006 | $0 | 0.0 |
2007 | $0 | 0.0 |
2008 | $0 | 0.0 |
Based on previous studies conducted by the Bureau of Economic Geology, The University of Texas
System assumes that a total of 17.2 full-time employee's would be needed over the biennium to conduct the study. These personnel costs represent $782,876 in fiscal year 2004 and $318,292in fiscal year 2005. The remaining costs, including technology-related, would be $643,612 in fiscal year 2004 and $270,850 in fiscal year 2005.
The committee substitute eliminates language related to reimbursing advisory committee members for actual and necessary expenditures.
The committee substitute requires that if recomendations from the study result in increased oil and gas production, the owners or operators of the wells would reimburse the state for the cost of the study. Any such revenue would likely come in future biennia.
Source Agencies: | 455 Railroad Commission, 720 The University of Texas System Administration
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LBB Staff: | JK, JO, CL, PF
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