Supplement: TX SB1599 | 2021-2022 | 87th Legislature | Fiscal Note (Senate Committee Report)
For additional supplements on Texas SB1599 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: 2021-05-05 - Committee report printed and distributed [SB1599 Detail]
Download: Texas-2021-SB1599-Fiscal_Note_Senate_Committee_Report_.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: 2021-05-05 - Committee report printed and distributed [SB1599 Detail]
Download: Texas-2021-SB1599-Fiscal_Note_Senate_Committee_Report_.html
| TO: |
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB1599 by Lucio (Relating to disclosures regarding indemnification obligations and insurance coverage in connection with provision of services pertaining to wells or mines by certain subcontractors.), Committee Report 1st House, Substituted |
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 and the Railroad Commission, 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: | 455 Railroad Commission, 582 Commission on Environmental Quality |
| LBB Staff: | JMc, AJL, DA, MW, GDZ |
