Bill: HB 2715, 85(R) - 2017
Committee
House Energy Resources
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Neutral |
Author(s)
Drew Darby
Bill Caption
Relating to the composition and use of money in the oil and gas regulation and cleanup fund.
Fiscal Notes
A negative impact of $51,700,000 through the biennium ending August 31, 2019. In addition, a positive impact of $51,700,000 to General Revenue-Dedicated Account No. 5155 would be realized 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.
Bill Analysis
Under current law, the oil and gas regulation and cleanup fund exists for oil and gas development, studies, alternative fuel programs, and public information services. HB 2715 would rededicate various related fees and taxes to the oil and gas regulation and cleanup fund. It would also expand the purpose of this fund to include the regulation of utilities, mining regulatory programs, and programs related to liquefied petroleum gas, compressed natural gas, and liquefied natural gas safety.
Vote Recommendation Notes
Given the administrative and procedural nature of this bill, HB 2715 does not appear to have a connection to our liberty principles, therefore we remain neutral.
Organizations Supporting
Chesapeake Energy
Chevron
Devon Energy
Occidental Petroleum
Permian Basin Petroleum Association
Texas Alliance of Energy Producers
Texas and Southwestern Cattle Raisers Association
Texas Association of Business
Texas Independent Producers and Royalty Owners Association
Texas Land and Mineral Owners Association
Texas Oil and Gas Association
