Supplement: TX HB3416 | 2021-2022 | 87th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB3416 please see the Bill Drafting List
Bill Title: Relating to disclosures regarding indemnification obligations and insurance coverage in connection with provision of services pertaining to wells or mines by certain subcontractors.
Status: 2021-06-16 - Effective on 9/1/21 [HB3416 Detail]
Download: Texas-2021-HB3416-Fiscal_Note_Introduced_.html
Bill Title: Relating to disclosures regarding indemnification obligations and insurance coverage in connection with provision of services pertaining to wells or mines by certain subcontractors.
Status: 2021-06-16 - Effective on 9/1/21 [HB3416 Detail]
Download: Texas-2021-HB3416-Fiscal_Note_Introduced_.html
| TO: |
Honorable Craig Goldman, Chair, House Committee on Energy Resources |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB3416 by Darby (Relating to indemnity agreements between contractors and subcontractors for services pertaining to certain wells or mines.), As Introduced |
No significant fiscal implication to the State is anticipated.
The bill would amend the Civil Practice and Remedies Code to make certain indemnity agreements between contractors and subcontractors subject to the requirements of Chapter 127 of the Civil Practice and Remedies Code that concerns indemnity provisions in certain mineral agreements.
Based on the analysis of the Texas Commission on Environmental Quality, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be absorbed with existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| Source Agencies: | 582 Commission on Environmental Quality |
| LBB Staff: | JMc, AJL, MW, GDZ |
