Honorable Rick Hardcastle, Chair, House Committee on Energy Resources
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3708 by King, Phil (Relating to underground natural gas storage facilities in Texas.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would require Railroad Commission to promulgate and enforce rules and orders necessary to promote the creation, development, construction, operation, and maintenance of underground natural gas storage facilities in Texas. This estimate assumes that any fiscal implications associated with passage of the bill could be absorbed using existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.