Honorable Jim Keffer, Chair, House Committee on Energy Resources
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2571 by Keffer (Relating to the inspection of certain information regarding the production, transportation, sale, and marketing of oil and gas from state land; imposing an administrative penalty.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would add deadlines and penalties for producing the books and accounts, receipts, and discharges of all lines, tanks, pools, and meters and all contracts and other records relating to the production, transportation, sale, and marketing of oil and gas.
The bill would take effect on September 1, 2013.
Passage of the bill is not expected to result in significant fiscal implications to the Railroad Commission. The General Land Office reports that passage of the bill could result in additional fee revenue to the Permanent School Fund No. 44. However, this revenue, and any other revenue generated through penalties established by the bill, is not expected to be significant.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 455 Railroad Commission