LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

May 9, 2013

TO:	Honorable Jim Keffer, Chair, House Committee on Energy Resources
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	SB1240 by Duncan (Relating to the partition of mineral interests of a charitable trust.), Committee Report 2nd House, Substituted

No fiscal implication to the State is anticipated.

The bill would amend Property Code Section 124.002 to  provide that a charitable trust may not be ordered to sell its ownership of a mineral interest in a judicial proceeding unless the trust has refused to execute a reasonable mineral lease to the plaintiff or petitioner in the judicial proceeding.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

212 Office of Court Administration, Texas Judicial Council

LBB Staff:

UP, CL, SJS, SZ, SD