89R13391 JON-D     By: LaHood H.B. No. 3652       A BILL TO BE ENTITLED   AN ACT   relating to a study by the Railroad Commission of Texas regarding   the creation of a strategic gas and petroleum product reserve in   this state.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  (a) In this Act:                (1)  "Commission" means the Railroad Commission of   Texas.                (2)  "Gas" means natural gas.                (3)  "Petroleum product" means any product derived by   refining petroleum and intended to produce power by burning the   product.                (4)  "Strategic fuel reserve" means a reserve of gas   and petroleum products for distribution in this state for the   purpose of reducing, in the event of a disaster or other critical   situation, the impact of disruptions in the supply of gas and   petroleum products.          (b)  The commission shall conduct a study to determine:                (1)  the feasibility of creating, operating, and   maintaining a strategic fuel reserve;                (2)  each appropriate location for strategic fuel   reserve facilities;                (3)  the appropriate role of each state or local entity   in operating or regulating the strategic fuel reserve;                (4)  the necessary minimum capacity for the strategic   fuel reserve;                (5)  the circumstances under which gas or petroleum   products maintained as part of the strategic fuel reserve should be   distributed; and                (6)  the estimated cost to implement the strategic fuel   reserve, including:                      (A)  the costs, as applicable, of purchasing,   leasing, constructing, operating, and maintaining facilities   related to the strategic fuel reserve; and                      (B)  the costs and any financial benefit from   purchasing and selling oil and gas products as part of the strategic   fuel reserve.          (c)  Not later than September 30, 2026, the commission shall   submit to the governor, the lieutenant governor, the speaker of the   house of representatives, and each member of the legislature a   report on the results of the study and any recommendations for   legislative or other action.          SECTION 2.  This Act expires January 1, 2027.          SECTION 3.  This Act takes effect September 1, 2025.