Texas HB2713 – Railroad Commission of Texas to conduct an audit of any unpaid oil or gas royalties

Texas HB2713 - Railroad Commission of Texas to conduct an audit of any unpaid oil or gas royalties

A BILL TO BE ENTITLED AN ACT
relating to an audit by the comptroller of unpaid oil and gas royalties held in trust by the Railroad Commission of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. (a) The comptroller shall conduct an audit of any unpaid oil or gas royalties held in trust by the Railroad Commission of Texas.
(b) Not later than January 1, 2019, the comptroller shall submit to the legislature a report containing the findings of the audit conducted under this section. For each unpaid non-claimant, the report must state the name of the payee and the county in which the land from which the oil or gas was produced is located.
SECTION 2. This Act expires January 2, 2019.
SECTION 3. This Act takes effect September 1, 2017.

READ MORE:  http://www.legis.state.tx.us/billlookup/text.aspx?LegSess=85R&Bill=HB2713

Leave a Reply

Your email address will not be published. Required fields are marked *