LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
April 9, 2017

TO:
Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
SB1817 by Burton (Relating to the deposit of the gas utility pipeline tax to the credit of the oil and gas regulation and cleanup fund.), As Introduced



Estimated Two-year Net Impact to General Revenue Related Funds for SB1817, As Introduced: a negative impact of ($50,700,000) through the biennium ending August 31, 2019. In addition, there would be a gain of $50,700,000 to General Revenue-Dedicated Account 5155 through the biennium ending August 31, 2019.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2018 ($25,100,000)
2019 ($25,600,000)
2020 ($26,100,000)
2021 ($26,600,000)
2022 ($27,100,000)




Fiscal Year Probable Savings/(Cost) from
General Revenue Fund
1 		Probable Savings/(Cost) from
Oil & Gas Regulation and Cleanup Account No.
5155
2018 ($25,100,000) $25,100,000
2019 ($25,600,000) $25,600,000
2020 ($26,100,000) $26,100,000
2021 ($26,600,000) $26,600,000
2022 ($27,100,000) $27,100,000

Fiscal Analysis

The bill would amend the Natural Resources Code to redirect revenue from the gas utility pipeline tax collected by the Railroad Commission under Chapter 122 of the Utilities Code from General Revenue to the General Revenue-Dedicated Oil and Gas Regulation and Cleanup Account No. 5155 (Fund 5155).

The bill would take effect September 1, 2017.

This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.

Methodology

The fiscal impact analysis is based on the Comptroller's 2018-19 Biennial Revenue Estimate. Annual revenue losses in General Revenue would be offset by gains in Fund 5155 under the provisions of the bill.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts, 455 Railroad Commission
LBB Staff:
UP, SZ, MW, PBO