TO: | Honorable Steve Ogden, Chair, Senate Committee on Finance |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($2,500,000) |
2011 | ($2,500,000) |
2012 | ($2,500,000) |
2013 | ($2,500,000) |
2014 | ($2,500,000) |
Fiscal Year | Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
Probable Revenue Gain/(Loss) from New General Revenue Dedicated--Pipeline Safety Account |
---|---|---|
2010 | ($2,500,000) | $2,500,000 |
2011 | ($2,500,000) | $2,500,000 |
2012 | ($2,500,000) | $2,500,000 |
2013 | ($2,500,000) | $2,500,000 |
2014 | ($2,500,000) | $2,500,000 |
The bill would create a new General Revenue Dedicated account, the Pipeline Safety Account. The account would consist of pipeline safety fees, administrative, civil and criminal penalties, and settlements. Money in the account could only be appropriated to the Railroad Commission (RRC) for the implementation and enforcement of the pipeline safety standards and practices. The bill would repeal Utilities Code, Section 121.211(h), which currently directs the deposits of pipeline safety fees to the General Revenue Fund.
The bill would take effect September 1, 2009.
Fees and penalties related to pipeline safety were provided by the Comptroller of Public Accounts and estimated based on the 2010-2011 Biennial Revenue Estimate. These estimated amounts ($2.5 million per fiscal year) represent the loss to the General Revenue Fund and the gain to the newly- created Pipeline Safety Account that would result upon passage of the bill.
Source Agencies: | 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 455 Railroad Commission
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LBB Staff: | JOB, MN, ZS, TL
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