81R6352 SMH-F
By: Keffer H.B. No. 4247
A BILL TO BE ENTITLED
AN ACT
relating to the use of the proceeds of cash deposits filed with the
Railroad Commission of Texas by certain persons under the
jurisdiction of the commission and deposited in the oil-field
cleanup fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 91.108, Natural Resources Code, is
amended to read as follows:
Sec. 91.108. DEPOSIT AND USE OF FUNDS. Subject to the
refund provisions of Section 91.1091, if applicable, proceeds from
bonds and other financial security required pursuant to this
chapter and benefits under well-specific plugging insurance
policies described by Section 91.104(c) that are paid to the state
as contingent beneficiary of the policies shall be deposited in the
oil-field cleanup fund. Proceeds from cash deposits filed with the
commission under Section 91.103 and deposited in the oil-field
cleanup fund are held in trust to be used only as provided by this
section and may not be commingled with other money in the fund.
Notwithstanding [and, notwithstanding] Sections 91.112 and 91.113,
proceeds described by this section may be used only for actual well
plugging and surface remediation.
SECTION 2. This Act takes effect September 1, 2009.