TO: | Honorable Tom Craddick, Speaker of the House, House of Representatives |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB149 by Chisum (Relating to the ownership and use of carbon dioxide captured by a clean coal project.), As Passed 2nd House |
The bill would provide title to the Railroad Commission to carbon dioxide acquired through a FutureGen clean coal project. Although the agency could produce revenues from the sale of such carbon dioxide, no significant fiscal impact is expected to result from the bill's enactment until at least 2012, when construction of the FutureGen project would be complete.
The bill would take effect on September 1, 2006.
Source Agencies: | 455 Railroad Commission, 582 Commission on Environmental Quality
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LBB Staff: | JOB, SD, WK, TL
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