Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3291 by Raymond (Relating to increasing the punishment for certain offenses involving oil, gas, or condensate or equipment designed for the exploration or production of oil and gas; creating an offense.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Natural Resources Code to create a new second degree felony offense related to purchasing or selling certain oil and gas-related products without applicable tenders, authorization, or permits. The bill would also enhance the punishment for a current oil and gas related offense from a third degree felony to a second degree felony. This analysis assumes the provisions of the bill would not result in a significant impact on state correctional agencies.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.